Military expenditure in Early-demographic dividend
Early-demographic dividend: Military expenditure was 347.32 billion current USD in 2024. ◆ Volatile
Military expenditure in Early-demographic dividend, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Early-demographic dividend stood at 347.32 billion current USD. That is the highest value across all 65 years on record.
The figure is up 13.0% on the previous year and up 36.5% over ten years.
Over the whole period, military expenditure in Early-demographic dividend peaked at 347.32 billion current USD in 2024 and was at its lowest, 2.60 billion current USD, in 1961.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.23 billion current USD | 2.60 billion current USD | 8.09 billion current USD | 10 |
| 1970s | 27.02 billion current USD | 9.27 billion current USD | 53.40 billion current USD | 10 |
| 1980s | 69.94 billion current USD | 53.65 billion current USD | 81.02 billion current USD | 10 |
| 1990s | 80.08 billion current USD | 69.60 billion current USD | 90.97 billion current USD | 10 |
| 2000s | 126.40 billion current USD | 90.49 billion current USD | 170.67 billion current USD | 10 |
| 2010s | 238.67 billion current USD | 192.15 billion current USD | 263.83 billion current USD | 10 |
| 2020s | 290.38 billion current USD | 253.20 billion current USD | 347.32 billion current USD | 5 |
More public sector data for Early-demographic dividend
- Arms imports 5.98 billion SIPRI trend indicator values (2024)
- Tax revenue 12.2% (2022)
- Taxes on income, profits and capital gains 30.3% (2023)
- Taxes on goods and services 32.2% (2023)
- Net investment in nonfinancial assets 1.7% (2022)
- Net lending (+) / net borrowing (-) -3.6% (2022)
- Interest payments 10.0% (2023)
- Grants and other revenue 17.8% (2023)
- Interest payments 11.0% (2022)
- Other taxes 0.9% (2022)
Frequently asked questions
- What is military expenditure in Early-demographic dividend?
- Military expenditure in Early-demographic dividend was 347.32 billion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Early-demographic dividend?
- The highest recorded value was 347.32 billion current USD in 2024.
- What is the lowest military expenditure recorded in Early-demographic dividend?
- The lowest recorded value was 2.60 billion current USD in 1961.
- Is military expenditure rising or falling in Early-demographic dividend?
- Over the last ten years it is up 36.5%. The long-run trend across the full record is volatile.
- Where does this Early-demographic dividend data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)