Military expenditure in Post-demographic dividend
Post-demographic dividend: Military expenditure was 1.66 trillion current USD in 2024. ◆ Volatile
Military expenditure in Post-demographic dividend, 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 Post-demographic dividend is 1.66 trillion current USD, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 9.8% on the previous year and up 56.3% over ten years.
Over the whole period, military expenditure in Post-demographic dividend peaked at 1.66 trillion current USD in 2024 and was at its lowest, 65.01 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 | 86.77 billion current USD | 65.01 billion current USD | 114.05 billion current USD | 10 |
| 1970s | 160.26 billion current USD | 113.69 billion current USD | 244.56 billion current USD | 10 |
| 1980s | 407.33 billion current USD | 280.06 billion current USD | 537.69 billion current USD | 10 |
| 1990s | 562.41 billion current USD | 538.25 billion current USD | 591.00 billion current USD | 10 |
| 2000s | 829.60 billion current USD | 560.86 billion current USD | 1.12 trillion current USD | 10 |
| 2010s | 1.10 trillion current USD | 1.00 trillion current USD | 1.19 trillion current USD | 10 |
| 2020s | 1.42 trillion current USD | 1.23 trillion current USD | 1.66 trillion current USD | 5 |
More public sector data for Post-demographic dividend
- Arms imports 15.20 billion SIPRI trend indicator values (2024)
- Tax revenue 15.6% (2024)
- Taxes on income, profits and capital gains 27.2% (2024)
- Taxes on goods and services 27.2% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -4.6% (2024)
- Interest payments 3.8% (2024)
- Grants and other revenue 9.2% (2024)
- Interest payments 3.4% (2023)
- Other taxes 0.9% (2024)
Frequently asked questions
- What is military expenditure in Post-demographic dividend?
- Military expenditure in Post-demographic dividend was 1.66 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 Post-demographic dividend?
- The highest recorded value was 1.66 trillion current USD in 2024.
- What is the lowest military expenditure recorded in Post-demographic dividend?
- The lowest recorded value was 65.01 billion current USD in 1960.
- Is military expenditure rising or falling in Post-demographic dividend?
- Over the last ten years it is up 56.3%. The long-run trend across the full record is volatile.
- Where does this Post-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 — 65 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)