Military expenditure in Thailand
Thailand: Military expenditure was 5.52 billion current USD in 2024. ◆ Volatile
Military expenditure in Thailand, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Thailand stood at 5.52 billion current USD.
That represents a change of down 3.9% on the previous year and down 1.1% over ten years.
Over the whole period, military expenditure in Thailand peaked at 7.30 billion current USD in 2020 and was at its lowest, 58.74 million current USD, in 1961.
Thailand ranks 43rd of 167 countries on this measure, in the middle of the range.
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 | 104.03 million current USD | 58.74 million current USD | 184.90 million current USD | 10 |
| 1970s | 521.80 million current USD | 217.22 million current USD | 1.20 billion current USD | 10 |
| 1980s | 1.63 billion current USD | 1.37 billion current USD | 1.94 billion current USD | 10 |
| 1990s | 2.98 billion current USD | 2.06 billion current USD | 3.94 billion current USD | 10 |
| 2000s | 2.39 billion current USD | 1.72 billion current USD | 4.34 billion current USD | 10 |
| 2010s | 5.78 billion current USD | 5.16 billion current USD | 7.09 billion current USD | 10 |
| 2020s | 6.34 billion current USD | 5.52 billion current USD | 7.30 billion current USD | 5 |
Countries ranked near Thailand
More public sector data for Thailand
- Arms imports 73.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 29.9% (2024)
- Taxes on goods and services 41.7% (2024)
- Net investment in nonfinancial assets 2.3% (2024)
- Net lending (+) / net borrowing (-) -1.5% (2024)
- Interest payments 5.8% (2024)
- Grants and other revenue 20.0% (2024)
- Interest payments 5.5% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is military expenditure in Thailand?
- Military expenditure in Thailand was 5.52 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 Thailand?
- The highest recorded value was 7.30 billion current USD in 2020.
- What is the lowest military expenditure recorded in Thailand?
- The lowest recorded value was 58.74 million current USD in 1961.
- How does Thailand rank for military expenditure?
- Thailand ranks 43rd out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Thailand?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is volatile.
- Where does this Thailand 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)