Military expenditure in High income
High income: Military expenditure was 1.96 trillion current USD in 2024. ◆ Volatile
Military expenditure in High income, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in High income is 1.96 trillion current USD, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 13.0% on the previous year and up 49.7% over ten years.
Over the whole period, military expenditure in High income peaked at 1.96 trillion current USD in 2024 and was at its lowest, 69.79 billion current USD, in 1960.
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 | 94.11 billion current USD | 69.79 billion current USD | 124.93 billion current USD | 10 |
| 1970s | 181.70 billion current USD | 127.26 billion current USD | 272.09 billion current USD | 10 |
| 1980s | 440.97 billion current USD | 312.62 billion current USD | 574.78 billion current USD | 10 |
| 1990s | 619.74 billion current USD | 600.27 billion current USD | 637.76 billion current USD | 10 |
| 2000s | 929.37 billion current USD | 624.89 billion current USD | 1.27 trillion current USD | 10 |
| 2010s | 1.30 trillion current USD | 1.21 trillion current USD | 1.38 trillion current USD | 10 |
| 2020s | 1.65 trillion current USD | 1.43 trillion current USD | 1.96 trillion current USD | 5 |
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 26.5% (2024)
- Taxes on goods and services 27.9% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -4.3% (2024)
- Interest payments 3.5% (2024)
- Grants and other revenue 11.7% (2024)
- Interest payments 3.4% (2023)
- Other taxes 1.8% (2024)
Frequently asked questions
- What is military expenditure in High income?
- Military expenditure in High income was 1.96 trillion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in High income?
- The highest recorded value was 1.96 trillion current USD in 2024.
- What is the lowest military expenditure recorded in High income?
- The lowest recorded value was 69.79 billion current USD in 1960.
- Is military expenditure rising or falling in High income?
- Over the last ten years it is up 49.7%. The long-run trend across the full record is volatile.
- Where does this High income 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)