Military expenditure in South Asia
South Asia: Military expenditure was 91.92 billion current USD in 2024. ◆ Volatile
Military expenditure in South Asia, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in South Asia stood at 91.92 billion current USD. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 4.8% on the previous year and up 65.6% over ten years.
Over the whole period, military expenditure in South Asia peaked at 91.92 billion current USD in 2024 and was at its lowest, 698.42 million 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 | 1.50 billion current USD | 698.42 million current USD | 2.14 billion current USD | 10 |
| 1970s | 3.17 billion current USD | 1.86 billion current USD | 4.77 billion current USD | 10 |
| 1980s | 8.51 billion current USD | 5.64 billion current USD | 11.88 billion current USD | 10 |
| 1990s | 11.25 billion current USD | 8.88 billion current USD | 15.31 billion current USD | 10 |
| 2000s | 24.57 billion current USD | 15.90 billion current USD | 41.71 billion current USD | 10 |
| 2010s | 59.90 billion current USD | 49.50 billion current USD | 77.81 billion current USD | 10 |
| 2020s | 85.59 billion current USD | 79.51 billion current USD | 91.92 billion current USD | 5 |
More public sector data for South Asia
- Arms imports 1.26 billion SIPRI trend indicator values (2024)
- Tax revenue 6.9% (2022)
- Taxes on income, profits and capital gains 28.2% (2023)
- Taxes on goods and services 42.0% (2023)
- Net investment in nonfinancial assets 1.0% (2022)
- Net lending (+) / net borrowing (-) -5.4% (2022)
- Interest payments 43.9% (2023)
- Grants and other revenue 14.1% (2023)
- Interest payments 32.3% (2022)
- Other taxes 0.5% (2023)
Frequently asked questions
- What is military expenditure in South Asia?
- Military expenditure in South Asia was 91.92 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 South Asia?
- The highest recorded value was 91.92 billion current USD in 2024.
- What is the lowest military expenditure recorded in South Asia?
- The lowest recorded value was 698.42 million current USD in 1960.
- Is military expenditure rising or falling in South Asia?
- Over the last ten years it is up 65.6%. The long-run trend across the full record is volatile.
- Where does this South Asia 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)