Military expenditure in IBRD only
IBRD only: Military expenditure was 854.40 billion current USD in 2024. ◆ Volatile
Military expenditure in IBRD only, 1989–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in IBRD only is 854.40 billion current USD, measured in 2024. That is the highest value across all 36 years on record.
The figure is up 12.2% on the previous year and up 64.8% over ten years.
Over the whole period, military expenditure in IBRD only peaked at 854.40 billion current USD in 2024 and was at its lowest, 77.40 billion current USD, in 1991.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 82.18 billion current USD | 82.18 billion current USD | 82.18 billion current USD | 1 |
| 1990s | 95.34 billion current USD | 77.40 billion current USD | 118.03 billion current USD | 10 |
| 2000s | 197.22 billion current USD | 115.56 billion current USD | 336.26 billion current USD | 10 |
| 2010s | 492.44 billion current USD | 380.71 billion current USD | 555.42 billion current USD | 10 |
| 2020s | 693.32 billion current USD | 559.64 billion current USD | 854.40 billion current USD | 5 |
More public sector data for IBRD only
- Arms imports 11.74 billion SIPRI trend indicator values (2024)
- Tax revenue 10.6% (2024)
- Taxes on income, profits and capital gains 21.5% (2024)
- Taxes on goods and services 32.3% (2024)
- Interest payments 10.4% (2024)
- Grants and other revenue 17.2% (2024)
- Interest payments 8.2% (2023)
- Other taxes 0.9% (2024)
- Compensation of employees 21.5% (2023)
- Goods and services expense 11.1% (2023)
Frequently asked questions
- What is military expenditure in IBRD only?
- Military expenditure in IBRD only was 854.40 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 IBRD only?
- The highest recorded value was 854.40 billion current USD in 2024.
- What is the lowest military expenditure recorded in IBRD only?
- The lowest recorded value was 77.40 billion current USD in 1991.
- Is military expenditure rising or falling in IBRD only?
- Over the last ten years it is up 64.8%. The long-run trend across the full record is volatile.
- Where does this IBRD only 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 — 36 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)