Military expenditure in Iraq

Iraq: Military expenditure was 6.18 billion current USD in 2024. ◆ Volatile

Latest (2024)
6.18 billion current USD
Change on year
up 12.0%
World rank
40th
of 167 countries
All-time high
9.60 billion current USD
in 2015
All-time low
118.73 million current USD
in 1960
Years of data
43
1960–2024

Military expenditure in Iraq, 1960–2024

02.0B4.0B6.0B8.0B10.0B1960199220241960: 118.7M current USD1961: 125.5M current USD1962: 135.1M current USD1963: 163.2M current USD1964: 185.2M current USD1965: 225.7M current USD1966: 235.0M current USD1967: 234.5M current USD1968: 291.4M current USD1969: 376.0M current USD1970: 401.1M current USD1971: 426.3M current USD1972: 466.1M current USD1973: 665.2M current USD1974: 1.4B current USD1975: 1.6B current USD1976: 1.8B current USD1977: 2.0B current USD1978: 2.0B current USD1979: 2.4B current USD1980: 3.0B current USD1981: 4.1B current USD2004: 613.7M current USD2005: 1.1B current USD2006: 1.2B current USD2007: 2.0B current USD2008: 3.1B current USD2009: 3.2B current USD2010: 3.8B current USD2011: 4.3B current USD2012: 4.1B current USD2013: 7.8B current USD2014: 6.9B current USD2015: 9.6B current USD2016: 6.0B current USD2017: 7.4B current USD2018: 6.3B current USD2019: 7.6B current USD2020: 5.6B current USD2021: 4.8B current USD2022: 4.7B current USD2023: 5.5B current USD2024: 6.2B current USD

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

Analysis

Iraq recorded 6.18 billion current USD for military expenditure in 2024.

The figure is up 12.0% on the previous year and down 10.8% over ten years.

Over the whole period, military expenditure in Iraq peaked at 9.60 billion current USD in 2015 and was at its lowest, 118.73 million current USD, in 1960.

Iraq ranks 40th 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 209.04 million current USD 118.73 million current USD 376.00 million current USD 10
1970s 1.31 billion current USD 401.05 million current USD 2.37 billion current USD 10
1980s 3.53 billion current USD 2.98 billion current USD 4.09 billion current USD 2
2000s 1.89 billion current USD 613.73 million current USD 3.24 billion current USD 6
2010s 6.38 billion current USD 3.75 billion current USD 9.60 billion current USD 10
2020s 5.36 billion current USD 4.69 billion current USD 6.18 billion current USD 5

Countries ranked near Iraq

  1. 37 Finland 6.99 billion current USD compare
  2. 38 Switzerland 6.72 billion current USD compare
  3. 39 Czechia 6.52 billion current USD compare
  4. 41 Philippines 6.12 billion current USD compare
  5. 42 Oman 5.99 billion current USD compare
  6. 43 Thailand 5.52 billion current USD compare

See the full ranking of 211 places →

More public sector data for Iraq

All data for Iraq →

Frequently asked questions

What is military expenditure in Iraq?
Military expenditure in Iraq was 6.18 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 Iraq?
The highest recorded value was 9.60 billion current USD in 2015.
What is the lowest military expenditure recorded in Iraq?
The lowest recorded value was 118.73 million current USD in 1960.
How does Iraq rank for military expenditure?
Iraq ranks 40th out of 167 countries with data for 2024.
Is military expenditure rising or falling in Iraq?
Over the last ten years it is down 10.8%. The long-run trend across the full record is volatile.
Where does this Iraq 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)