Military expenditure in Singapore
Singapore: Military expenditure was 20.13 billion current LCU in 2024. ◆ Volatile
Military expenditure in Singapore, 1970–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
The most recent figure for military expenditure in Singapore is 20.13 billion current LCU, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 5.6% on the previous year and up 65.5% over ten years.
Over the whole period, military expenditure in Singapore peaked at 20.13 billion current LCU in 2024 and was at its lowest, 317.25 million current LCU, in 1970.
That places Singapore 99th out of 167 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 642.83 million current LCU | 317.25 million current LCU | 983.25 million current LCU | 10 |
| 1980s | 1.97 billion current LCU | 1.20 billion current LCU | 2.75 billion current LCU | 10 |
| 1990s | 5.15 billion current LCU | 3.27 billion current LCU | 7.62 billion current LCU | 10 |
| 2000s | 8.97 billion current LCU | 7.47 billion current LCU | 10.96 billion current LCU | 10 |
| 2010s | 12.67 billion current LCU | 11.06 billion current LCU | 14.27 billion current LCU | 10 |
| 2020s | 16.81 billion current LCU | 13.52 billion current LCU | 20.13 billion current LCU | 5 |
Countries ranked near Singapore
- 96 Spain 22.76 billion current LCU compare
- 97 Netherlands 21.43 billion current LCU compare
- 98 North Macedonia 20.13 billion current LCU compare
- 100 Malaysia 19.73 billion current LCU compare
- 101 Guinea-Bissau 15.34 billion current LCU compare
- 102 Honduras 14.45 billion current LCU compare
More public sector data for Singapore
- Arms imports 348.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.6% (2024)
- Taxes on income, profits and capital gains 39.0% (2024)
- Taxes on goods and services 21.5% (2024)
- Net investment in nonfinancial assets -1.0% (2024)
- Net lending (+) / net borrowing (-) 3.4% (2024)
- Interest payments 0.5% (2024)
- Grants and other revenue 23.5% (2024)
- Interest payments 0.4% (2023)
- Other taxes 16.0% (2024)
Frequently asked questions
- What is military expenditure in Singapore?
- Military expenditure in Singapore was 20.13 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Singapore?
- The highest recorded value was 20.13 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Singapore?
- The lowest recorded value was 317.25 million current LCU in 1970.
- How does Singapore rank for military expenditure?
- Singapore ranks 99th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Singapore?
- Over the last ten years it is up 65.5%. The long-run trend across the full record is volatile.
- Where does this Singapore 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.
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CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)