Military expenditure in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Military expenditure was 13.44 billion current USD in 2024. ◆ Volatile
Military expenditure in Heavily indebted poor countries (HIPC), 1968–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in Heavily indebted poor countries (HIPC) is 13.44 billion current USD, measured in 2024. That is the highest value across all 57 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 79.0% over ten years.
Over the whole period, military expenditure in Heavily indebted poor countries (HIPC) peaked at 13.44 billion current USD in 2024 and was at its lowest, 326.48 million current USD, in 1968.
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 | 360.23 million current USD | 326.48 million current USD | 393.98 million current USD | 2 |
| 1970s | 1.18 billion current USD | 503.52 million current USD | 2.46 billion current USD | 10 |
| 1980s | 2.48 billion current USD | 2.17 billion current USD | 2.78 billion current USD | 10 |
| 1990s | 2.48 billion current USD | 1.47 billion current USD | 4.76 billion current USD | 10 |
| 2000s | 4.56 billion current USD | 2.33 billion current USD | 8.22 billion current USD | 10 |
| 2010s | 7.92 billion current USD | 5.42 billion current USD | 11.69 billion current USD | 10 |
| 2020s | 11.84 billion current USD | 10.21 billion current USD | 13.44 billion current USD | 5 |
More public sector data for Heavily indebted poor countries (HIPC)
- Arms imports 387.00 million SIPRI trend indicator values (2024)
- Tax revenue 11.5% (2020)
- Taxes on income, profits and capital gains 24.3% (2021)
- Taxes on goods and services 37.2% (2021)
- Net investment in nonfinancial assets 4.2% (2020)
- Net lending (+) / net borrowing (-) -4.9% (2020)
- Interest payments 9.0% (2021)
- Grants and other revenue 19.3% (2021)
- Interest payments 9.6% (2021)
- Other taxes 0.8% (2021)
Frequently asked questions
- What is military expenditure in Heavily indebted poor countries (HIPC)?
- Military expenditure in Heavily indebted poor countries (HIPC) was 13.44 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 Heavily indebted poor countries (HIPC)?
- The highest recorded value was 13.44 billion current USD in 2024.
- What is the lowest military expenditure recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 326.48 million current USD in 1968.
- Is military expenditure rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is up 79.0%. The long-run trend across the full record is volatile.
- Where does this Heavily indebted poor countries (HIPC) 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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CSV · JSON — 57 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)