Military expenditure in IDA & IBRD total
IDA & IBRD total: Military expenditure was 894.64 billion current USD in 2024. ◆ Volatile
Military expenditure in IDA & IBRD total, 1987–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in IDA & IBRD total stood at 894.64 billion current USD. That is the highest value across all 38 years on record.
That represents a change of up 12.1% on the previous year and up 63.1% over ten years.
Over the whole period, military expenditure in IDA & IBRD total peaked at 894.64 billion current USD in 2024 and was at its lowest, 75.41 billion current USD, in 1987.
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 | 82.69 billion current USD | 75.41 billion current USD | 90.62 billion current USD | 3 |
| 1990s | 109.39 billion current USD | 90.42 billion current USD | 132.60 billion current USD | 10 |
| 2000s | 223.71 billion current USD | 134.50 billion current USD | 359.05 billion current USD | 10 |
| 2010s | 521.75 billion current USD | 402.90 billion current USD | 587.07 billion current USD | 10 |
| 2020s | 730.80 billion current USD | 594.10 billion current USD | 894.64 billion current USD | 5 |
More public sector data for IDA & IBRD total
- Arms imports 13.54 billion SIPRI trend indicator values (2024)
- Tax revenue 10.7% (2024)
- Taxes on income, profits and capital gains 26.0% (2023)
- Taxes on goods and services 33.5% (2023)
- Interest payments 9.8% (2023)
- Grants and other revenue 19.6% (2023)
- Interest payments 8.0% (2022)
- Other taxes 0.6% (2023)
- Compensation of employees 22.3% (2022)
- Goods and services expense 14.4% (2022)
Frequently asked questions
- What is military expenditure in IDA & IBRD total?
- Military expenditure in IDA & IBRD total was 894.64 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 IDA & IBRD total?
- The highest recorded value was 894.64 billion current USD in 2024.
- What is the lowest military expenditure recorded in IDA & IBRD total?
- The lowest recorded value was 75.41 billion current USD in 1987.
- Is military expenditure rising or falling in IDA & IBRD total?
- Over the last ten years it is up 63.1%. The long-run trend across the full record is volatile.
- Where does this IDA & IBRD total 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)