Military expenditure in Philippines
Philippines: Military expenditure was 6.12 billion current USD in 2024. ◆ Volatile
Military expenditure in Philippines, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in Philippines is 6.12 billion current USD, measured in 2024. That is the highest value across all 64 years on record.
The figure is up 19.0% on the previous year and up 97.1% over ten years.
Over the whole period, military expenditure in Philippines peaked at 6.12 billion current USD in 2024 and was at its lowest, 82.89 million current USD, in 1962.
That places Philippines 41st out of 167 countries with data for 2024, putting it in the top quarter.
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 | 119.86 million current USD | 82.89 million current USD | 189.23 million current USD | 10 |
| 1970s | 477.95 million current USD | 155.06 million current USD | 874.27 million current USD | 9 |
| 1980s | 788.19 million current USD | 513.45 million current USD | 982.32 million current USD | 10 |
| 1990s | 1.32 billion current USD | 913.22 million current USD | 1.88 billion current USD | 10 |
| 2000s | 1.55 billion current USD | 1.12 billion current USD | 2.27 billion current USD | 10 |
| 2010s | 3.34 billion current USD | 2.44 billion current USD | 4.27 billion current USD | 10 |
| 2020s | 5.36 billion current USD | 4.69 billion current USD | 6.12 billion current USD | 5 |
Countries ranked near Philippines
More public sector data for Philippines
- Arms imports 238.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.4% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 25.3% (2024)
- Net investment in nonfinancial assets 5.0% (2024)
- Net lending (+) / net borrowing (-) -5.7% (2024)
- Interest payments 17.3% (2024)
- Grants and other revenue 13.9% (2024)
- Interest payments 15.3% (2023)
- Other taxes 5.3% (2024)
Frequently asked questions
- What is military expenditure in Philippines?
- Military expenditure in Philippines was 6.12 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 Philippines?
- The highest recorded value was 6.12 billion current USD in 2024.
- What is the lowest military expenditure recorded in Philippines?
- The lowest recorded value was 82.89 million current USD in 1962.
- How does Philippines rank for military expenditure?
- Philippines ranks 41st out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Philippines?
- Over the last ten years it is up 97.1%. The long-run trend across the full record is volatile.
- Where does this Philippines 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)