Military expenditure in IDA total

IDA total: Military expenditure was 40.23 billion current USD in 2024. ◆ Volatile

Latest (2024)
40.23 billion current USD
Change on year
up 9.3%
All-time high
46.77 billion current USD
in 2005
All-time low
2.23 billion current USD
in 1970
Years of data
54
1970–2024

Military expenditure in IDA total, 1970–2024

010.0B20.0B30.0B40.0B50.0B197019972024

Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.

Analysis

In 2024, military expenditure in IDA total stood at 40.23 billion current USD.

That represents a change of up 9.3% on the previous year and up 33.4% over ten years.

Over the whole period, military expenditure in IDA total peaked at 46.77 billion current USD in 2005 and was at its lowest, 2.23 billion current USD, in 1970.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 5.42 billion current USD 2.23 billion current USD 9.34 billion current USD 9
1980s 9.97 billion current USD 8.44 billion current USD 10.98 billion current USD 10
1990s 14.05 billion current USD 12.43 billion current USD 17.14 billion current USD 10
2000s 26.49 billion current USD 16.02 billion current USD 46.77 billion current USD 10
2010s 29.31 billion current USD 22.20 billion current USD 34.52 billion current USD 10
2020s 37.49 billion current USD 34.45 billion current USD 40.23 billion current USD 5

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Frequently asked questions

What is military expenditure in IDA total?
Military expenditure in IDA total was 40.23 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 total?
The highest recorded value was 46.77 billion current USD in 2005.
What is the lowest military expenditure recorded in IDA total?
The lowest recorded value was 2.23 billion current USD in 1970.
Is military expenditure rising or falling in IDA total?
Over the last ten years it is up 33.4%. The long-run trend across the full record is volatile.
Where does this IDA 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

Indicator
Military expenditure (current USD)
Unit
current USD
Source
SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
211 places, 10,601 data points, 1960–2024
Last refreshed

Military spending USD, in current prices (converted at the exchange rate for the given year)