Military expenditure in Low & middle income
Low & middle income: Military expenditure was 687.69 billion current USD in 2024. ◆ Volatile
Military expenditure in Low & middle income, 1989–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Low & middle income recorded 687.69 billion current USD for military expenditure in 2024. That is the highest value across all 36 years on record.
The figure is up 6.4% on the previous year and up 55.3% over ten years.
Over the whole period, military expenditure in Low & middle income peaked at 687.69 billion current USD in 2024 and was at its lowest, 78.33 billion current USD, in 1993.
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 | 83.08 billion current USD | 83.08 billion current USD | 83.08 billion current USD | 1 |
| 1990s | 94.10 billion current USD | 78.33 billion current USD | 110.66 billion current USD | 10 |
| 2000s | 182.57 billion current USD | 117.49 billion current USD | 290.82 billion current USD | 10 |
| 2010s | 429.71 billion current USD | 325.76 billion current USD | 495.80 billion current USD | 10 |
| 2020s | 595.62 billion current USD | 504.91 billion current USD | 687.69 billion current USD | 5 |
More public sector data for Low & middle income
- Arms imports 11.23 billion SIPRI trend indicator values (2024)
- Tax revenue 10.4% (2024)
- Taxes on income, profits and capital gains 27.0% (2023)
- Taxes on goods and services 33.4% (2023)
- Interest payments 10.1% (2023)
- Grants and other revenue 20.0% (2023)
- Interest payments 8.6% (2022)
- Other taxes 0.6% (2022)
- Compensation of employees 25.2% (2022)
- Goods and services expense 16.0% (2022)
Frequently asked questions
- What is military expenditure in Low & middle income?
- Military expenditure in Low & middle income was 687.69 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 Low & middle income?
- The highest recorded value was 687.69 billion current USD in 2024.
- What is the lowest military expenditure recorded in Low & middle income?
- The lowest recorded value was 78.33 billion current USD in 1993.
- Is military expenditure rising or falling in Low & middle income?
- Over the last ten years it is up 55.3%. The long-run trend across the full record is volatile.
- Where does this Low & middle income 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)