Military expenditure in World
World: Military expenditure was 2.65 trillion current USD in 2024. ◆ Volatile
Military expenditure in World, 1977–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in World is 2.65 trillion current USD, measured in 2024. That is the highest value across all 48 years on record.
The figure is up 11.2% on the previous year and up 51.1% over ten years.
Over the whole period, military expenditure in World peaked at 2.65 trillion current USD in 2024 and was at its lowest, 262.11 billion current USD, in 1977.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 290.00 billion current USD | 262.11 billion current USD | 319.15 billion current USD | 3 |
| 1980s | 503.28 billion current USD | 366.13 billion current USD | 657.86 billion current USD | 10 |
| 1990s | 713.84 billion current USD | 697.14 billion current USD | 728.46 billion current USD | 10 |
| 2000s | 1.11 trillion current USD | 742.38 billion current USD | 1.56 trillion current USD | 10 |
| 2010s | 1.73 trillion current USD | 1.65 trillion current USD | 1.86 trillion current USD | 10 |
| 2020s | 2.25 trillion current USD | 1.93 trillion current USD | 2.65 trillion current USD | 5 |
More public sector data for World
- Arms imports 28.82 billion SIPRI trend indicator values (2024)
- Tax revenue 13.8% (2024)
- Taxes on income, profits and capital gains 26.4% (2024)
- Taxes on goods and services 31.0% (2024)
- Net investment in nonfinancial assets 1.6% (2023)
- Net lending (+) / net borrowing (-) -4.4% (2023)
- Interest payments 6.9% (2023)
- Grants and other revenue 16.5% (2023)
- Interest payments 5.8% (2022)
- Other taxes 0.8% (2023)
Frequently asked questions
- What is military expenditure in World?
- Military expenditure in World was 2.65 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 World?
- The highest recorded value was 2.65 trillion current USD in 2024.
- What is the lowest military expenditure recorded in World?
- The lowest recorded value was 262.11 billion current USD in 1977.
- Is military expenditure rising or falling in World?
- Over the last ten years it is up 51.1%. The long-run trend across the full record is volatile.
- Where does this World 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 — 48 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)