Military expenditure in Iran

Iran: Military expenditure was 3,646.06 trillion current LCU in 2024. ◆ Volatile

Latest (2024)
3,646.06 trillion current LCU
Change on year
up 18.4%
World rank
2nd
of 167 countries
All-time high
3,646.06 trillion current LCU
in 2024
All-time low
7.47 billion current LCU
in 1960
Years of data
65
1960–2024

Military expenditure in Iran, 1960–2024

01,000.0T2,000.0T3,000.0T4,000.0T196019922024

Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.

Analysis

Iran recorded 3,646.06 trillion current LCU for military expenditure in 2024. That is the highest value across all 65 years on record.

The figure is up 18.4% on the previous year and up 1,319.5% over ten years.

Over the whole period, military expenditure in Iran peaked at 3,646.06 trillion current LCU in 2024 and was at its lowest, 7.47 billion current LCU, in 1960.

That places Iran 2nd out of 167 countries with data for 2024, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1960s 18.10 billion current LCU 7.47 billion current LCU 42.88 billion current LCU 10
1970s 277.06 billion current LCU 28.18 billion current LCU 572.00 billion current LCU 10
1980s 906.09 billion current LCU 344.35 billion current LCU 1.30 trillion current LCU 10
1990s 4.84 trillion current LCU 1.12 trillion current LCU 11.66 trillion current LCU 10
2000s 58.73 trillion current LCU 14.70 trillion current LCU 124.14 trillion current LCU 10
2010s 316.10 trillion current LCU 139.06 trillion current LCU 564.41 trillion current LCU 10
2020s 2,168.89 trillion current LCU 766.64 trillion current LCU 3,646.06 trillion current LCU 5

Countries ranked near Iran

  1. 1 Venezuela 24,358,000,000.00 trillion current LCU compare
  2. 3 Indonesia 175.11 trillion current LCU compare
  3. 4 Vietnam 126.62 trillion current LCU compare
  4. 5 South Korea 64.88 trillion current LCU compare

See the full ranking of 167 places →

More public sector data for Iran

All data for Iran →

Frequently asked questions

What is military expenditure in Iran?
Military expenditure in Iran was 3,646.06 trillion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
What is the highest military expenditure recorded in Iran?
The highest recorded value was 3,646.06 trillion current LCU in 2024.
What is the lowest military expenditure recorded in Iran?
The lowest recorded value was 7.47 billion current LCU in 1960.
How does Iran rank for military expenditure?
Iran ranks 2nd out of 167 countries with data for 2024.
Is military expenditure rising or falling in Iran?
Over the last ten years it is up 1,319.5%. The long-run trend across the full record is volatile.
Where does this Iran data come from?
The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Military expenditure (current LCU)
Unit
current LCU
Source
SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 8,248 data points, 1960–2024
Last refreshed

Military expenditure in local currency at current prices (by calendar year)