Military expenditure in Late-demographic dividend
Late-demographic dividend: Military expenditure was 604.82 billion current USD in 2024. ◆ Volatile
Military expenditure in Late-demographic dividend, 1989–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Late-demographic dividend recorded 604.82 billion current USD for military expenditure in 2024. That is the highest value across all 36 years on record.
That represents a change of up 14.9% on the previous year and up 49.8% over ten years.
Over the whole period, military expenditure in Late-demographic dividend peaked at 604.82 billion current USD in 2024 and was at its lowest, 36.06 billion current USD, in 1989.
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 | 36.06 billion current USD | 36.06 billion current USD | 36.06 billion current USD | 1 |
| 1990s | 57.78 billion current USD | 39.52 billion current USD | 76.85 billion current USD | 10 |
| 2000s | 139.88 billion current USD | 71.96 billion current USD | 248.03 billion current USD | 10 |
| 2010s | 368.33 billion current USD | 280.73 billion current USD | 409.64 billion current USD | 10 |
| 2020s | 506.00 billion current USD | 418.54 billion current USD | 604.82 billion current USD | 5 |
More public sector data for Late-demographic dividend
- Arms imports 6.92 billion SIPRI trend indicator values (2024)
- Tax revenue 9.4% (2024)
- Taxes on income, profits and capital gains 19.6% (2024)
- Taxes on goods and services 29.1% (2024)
- Interest payments 5.5% (2024)
- Grants and other revenue 18.4% (2024)
- Interest payments 6.1% (2023)
- Other taxes 0.9% (2024)
- Compensation of employees 19.6% (2023)
- Goods and services expense 9.5% (2023)
Frequently asked questions
- What is military expenditure in Late-demographic dividend?
- Military expenditure in Late-demographic dividend was 604.82 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 Late-demographic dividend?
- The highest recorded value was 604.82 billion current USD in 2024.
- What is the lowest military expenditure recorded in Late-demographic dividend?
- The lowest recorded value was 36.06 billion current USD in 1989.
- Is military expenditure rising or falling in Late-demographic dividend?
- Over the last ten years it is up 49.8%. The long-run trend across the full record is volatile.
- Where does this Late-demographic dividend 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)