Military expenditure in Iran

Iran: Military expenditure was 7.89 billion current USD in 2024. ◆ Volatile

Latest (2024)
7.89 billion current USD
Change on year
up 6.8%
World rank
35th
of 167 countries
All-time high
19.73 billion current USD
in 1992
All-time low
98.68 million current USD
in 1960
Years of data
65
1960–2024

Military expenditure in Iran, 1960–2024

05.0B10.0B15.0B20.0B196019922024

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

Analysis

In 2024, military expenditure in Iran stood at 7.89 billion current USD.

That represents a change of up 6.8% on the previous year and down 20.3% over ten years.

Over the whole period, military expenditure in Iran peaked at 19.73 billion current USD in 1992 and was at its lowest, 98.68 million current USD, in 1960.

Iran ranks 35th of 167 countries on this measure, in the top quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
1960s 238.91 million current USD 98.68 million current USD 566.01 million current USD 10
1970s 3.96 billion current USD 371.95 million current USD 8.11 billion current USD 10
1980s 11.61 billion current USD 4.87 billion current USD 18.89 billion current USD 10
1990s 7.97 billion current USD 1.45 billion current USD 19.73 billion current USD 10
2000s 7.95 billion current USD 3.24 billion current USD 12.58 billion current USD 10
2010s 11.97 billion current USD 4.92 billion current USD 16.49 billion current USD 10
2020s 6.36 billion current USD 3.35 billion current USD 7.89 billion current USD 5

Countries ranked near Iran

  1. 32 Romania 8.72 billion current USD compare
  2. 33 Belgium 8.56 billion current USD compare
  3. 34 Greece 8.02 billion current USD compare
  4. 36 Kuwait 7.79 billion current USD compare
  5. 37 Finland 6.99 billion current USD compare
  6. 38 Switzerland 6.72 billion current USD compare

See the full ranking of 211 places →

More public sector data for Iran

All data for Iran →

Frequently asked questions

What is military expenditure in Iran?
Military expenditure in Iran was 7.89 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 Iran?
The highest recorded value was 19.73 billion current USD in 1992.
What is the lowest military expenditure recorded in Iran?
The lowest recorded value was 98.68 million current USD in 1960.
How does Iran rank for military expenditure?
Iran ranks 35th out of 167 countries with data for 2024.
Is military expenditure rising or falling in Iran?
Over the last ten years it is down 20.3%. The long-run trend across the full record is volatile.
Where does this Iran 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)