Military expenditure in North America
North America: Military expenditure was 1.03 trillion current USD in 2024. ◆ Volatile
Military expenditure in North America, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
North America recorded 1.03 trillion current USD for military expenditure in 2024. That is the highest value across all 65 years on record.
The figure is up 8.8% on the previous year and up 54.2% over ten years.
Over the whole period, military expenditure in North America peaked at 1.03 trillion current USD in 2024 and was at its lowest, 49.05 billion current USD, in 1960.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 64.54 billion current USD | 49.05 billion current USD | 86.76 billion current USD | 10 |
| 1970s | 97.48 billion current USD | 80.32 billion current USD | 130.96 billion current USD | 10 |
| 1980s | 258.86 billion current USD | 148.43 billion current USD | 332.61 billion current USD | 10 |
| 1990s | 313.55 billion current USD | 296.58 billion current USD | 336.54 billion current USD | 10 |
| 2000s | 513.76 billion current USD | 328.39 billion current USD | 724.85 billion current USD | 10 |
| 2010s | 708.04 billion current USD | 651.77 billion current USD | 773.68 billion current USD | 10 |
| 2020s | 897.85 billion current USD | 801.48 billion current USD | 1.03 trillion current USD | 5 |
More public sector data for North America
- Arms imports 1.36 billion SIPRI trend indicator values (2024)
- Tax revenue 11.0% (2024)
- Taxes on income, profits and capital gains 55.1% (2024)
- Taxes on goods and services 7.9% (2024)
- Net investment in nonfinancial assets 1.4% (2024)
- Net lending (+) / net borrowing (-) -6.7% (2024)
- Interest payments 14.3% (2024)
- Grants and other revenue 5.4% (2024)
- Interest payments 10.3% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is military expenditure in North America?
- Military expenditure in North America was 1.03 trillion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in North America?
- The highest recorded value was 1.03 trillion current USD in 2024.
- What is the lowest military expenditure recorded in North America?
- The lowest recorded value was 49.05 billion current USD in 1960.
- Is military expenditure rising or falling in North America?
- Over the last ten years it is up 54.2%. The long-run trend across the full record is volatile.
- Where does this North America 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
Military spending USD, in current prices (converted at the exchange rate for the given year)