Military expenditure (current LCU) by country

Military expenditure in local currency at current prices (by calendar year)

Countries reporting
163
Highest
24,358,000,000.00 trillion current LCU
Venezuela
Lowest
0 current LCU
Panama
Median
54.85 billion current LCU
Years covered
65
1960–2024
Data points
8,248

What the numbers show

Military expenditure (current LCU) is currently reported for 163 countries. The highest value is 24,358,000,000.00 trillion current LCU in Venezuela; the lowest is 0 current LCU in Panama.

The median across all reporting countries is 54.85 billion current LCU, and the mean is 149,435,608.88 trillion current LCU.

Over the past decade 153 countries rose and 7 fell. The largest increase was in Venezuela (up 69,164,500,000,000.0%), and the largest decrease in Congo (down 68.3%).

Military expenditure: full country ranking

#Country LatestYear 10-year changeTrend
1 Venezuela 24,358,000,000.00 trillion current LCU 2024 up 69,164,500,000,000.0% volatile
2 Iran 3,646.06 trillion current LCU 2024 up 1,319.5% volatile
3 Indonesia 175.11 trillion current LCU 2024 up 113.0% volatile
4 Vietnam 126.62 trillion current LCU 2018 up 263.3% volatile
5 South Korea 64.88 trillion current LCU 2024 up 64.1% volatile
6 Lebanon 57.00 trillion current LCU 2024 up 1,565.7% volatile
7 Colombia 56.54 trillion current LCU 2024 up 138.4% volatile
8 Russia 13.83 trillion current LCU 2024 up 325.4% volatile
9 Uzbekistan 11.62 trillion current LCU 2018 up 21,824.6% volatile
10 Myanmar 10.62 trillion current LCU 2024 up 354.9% volatile
11 Japan 8.37 trillion current LCU 2024 up 68.5% volatile
12 Iraq 8.09 trillion current LCU 2024 up 0.3% volatile
13 India 7.21 trillion current LCU 2024 up 131.9% volatile
14 Guinea 4.84 trillion current LCU 2024 up 250.7% volatile
15 Chile 4.82 trillion current LCU 2024 up 65.6% volatile
16 Uganda 4.20 trillion current LCU 2024 up 395.5% volatile
17 Argentina 3.82 trillion current LCU 2024 up 9,408.5% volatile
18 Zimbabwe 3.64 trillion current LCU 2024 up 988,110.0% volatile
19 Paraguay 3.13 trillion current LCU 2024 up 76.0% volatile
20 Cambodia 2.93 trillion current LCU 2024 up 161.5% volatile
21 Algeria 2.93 trillion current LCU 2024 up 206.1% volatile
22 Pakistan 2.83 trillion current LCU 2024 up 222.8% volatile
23 Ukraine 2.60 trillion current LCU 2024 up 5,422.6% volatile
24 Democratic Republic of Congo 2.54 trillion current LCU 2024 up 703.7% volatile
25 Tanzania 2.41 trillion current LCU 2024 up 187.0% volatile
26 China 2.25 trillion current LCU 2024 up 101.5% volatile
27 Hungary 1.73 trillion current LCU 2024 up 515.0% volatile
28 Nigeria 1.68 trillion current LCU 2024 up 349.0% volatile
29 United States 997.31 billion current LCU 2024 up 54.0% volatile
30 Turkey 821.25 billion current LCU 2024 up 2,034.9% volatile
31 Angola 803.96 billion current LCU 2024 up 19.5% volatile
32 Burkina Faso 620.76 billion current LCU 2024 up 608.7% volatile
33 Mongolia 613.07 billion current LCU 2024 up 220.8% volatile
34 Kazakhstan 567.75 billion current LCU 2024 up 37.4% volatile
35 Mali 563.52 billion current LCU 2024 up 422.5% volatile
36 Armenia 557.00 billion current LCU 2024 up 192.5% volatile
37 Madagascar 552.02 billion current LCU 2024 up 228.1% volatile
38 Burundi 495.58 billion current LCU 2024 up 415.3% volatile
39 Bangladesh 465.89 billion current LCU 2024 up 154.7% volatile
40 Sri Lanka 402.50 billion current LCU 2024 up 61.0% volatile
41 Cote d'Ivoire 399.23 billion current LCU 2024 up 54.9% volatile
42 Yemen 368.50 billion current LCU 2014 up 171.2% volatile
43 Philippines 350.46 billion current LCU 2024 up 154.4% volatile
44 Chad 338.20 billion current LCU 2024 up 74.3% volatile
45 Cameroon 324.34 billion current LCU 2024 up 63.4% volatile
46 Senegal 312.26 billion current LCU 2024 up 163.3% volatile
47 Mexico 306.34 billion current LCU 2024 up 241.0% volatile
48 Saudi Arabia 301.24 billion current LCU 2024 down 0.5% volatile
49 Niger 264.32 billion current LCU 2024 up 267.2% volatile
50 South Sudan 264.15 billion current LCU 2024 up 6,779.9% volatile
51 Serbia 251.43 billion current LCU 2024 up 209.6% volatile
52 Rwanda 231.90 billion current LCU 2024 up 274.0% volatile
53 North Korea 216.60 billion current LCU 2018 up 203.7% volatile
54 Malawi 202.63 billion current LCU 2024 up 864.3% volatile
55 Thailand 194.81 billion current LCU 2024 up 7.4% volatile
56 Gabon 193.50 billion current LCU 2024 up 88.0% volatile
57 Laos 178.25 billion current LCU 2013 up 53.1% volatile
58 Israel 172.11 billion current LCU 2024 up 171.2% volatile
59 Kenya 166.09 billion current LCU 2024 up 130.6% volatile
60 Czechia 151.51 billion current LCU 2024 up 260.8% rising
61 Poland 151.24 billion current LCU 2024 up 363.4% volatile
62 Sudan 136.99 billion current LCU 2021 up 1,771.4% volatile
63 Sweden 127.31 billion current LCU 2024 up 183.1% volatile
64 Syria 120.29 billion current LCU 2011 up 125.3% volatile
65 Togo 118.46 billion current LCU 2024 up 188.4% volatile
66 Brazil 112.97 billion current LCU 2024 up 47.0% volatile
67 Norway 112.21 billion current LCU 2024 up 142.7% volatile
68 Congo 110.39 billion current LCU 2024 down 68.3% volatile
69 Egypt 108.65 billion current LCU 2024 up 201.9% volatile
70 Benin 93.45 billion current LCU 2024 up 103.3% volatile
71 United Arab Emirates 83.57 billion current LCU 2014 up 233.8% volatile
72 Germany 81.78 billion current LCU 2024 up 142.9% rising
73 Ethiopia 75.78 billion current LCU 2024 up 829.6% volatile
74 Uruguay 69.79 billion current LCU 2024 up 190.2% volatile
75 Denmark 68.67 billion current LCU 2024 up 201.6% volatile
76 Equatorial Guinea 68.61 billion current LCU 2024 down 16.7% rising
77 United Kingdom 63.99 billion current LCU 2024 up 57.3% volatile
78 France 59.79 billion current LCU 2024 up 49.3% volatile
79 Dominican Republic 58.31 billion current LCU 2024 up 206.0% volatile
80 Nepal 57.09 billion current LCU 2024 up 78.3% volatile
81 Qatar 56.10 billion current LCU 2022 up 721.2% volatile
82 Morocco 54.85 billion current LCU 2024 up 61.2% volatile
83 South Africa 51.97 billion current LCU 2024 up 23.0% volatile
84 Australia 51.41 billion current LCU 2024 up 79.7% volatile
85 Albania 49.84 billion current LCU 2024 up 165.3% volatile
86 Belarus 48.81 billion current LCU 2024 up 481.2% volatile
87 Central African Republic 43.16 billion current LCU 2024 up 127.3% volatile
88 Guyana 42.23 billion current LCU 2024 up 420.8% volatile
89 Kyrgyzstan 41.22 billion current LCU 2024 up 204.7% volatile
90 Jamaica 41.05 billion current LCU 2024 up 205.1% volatile
91 Canada 40.21 billion current LCU 2024 up 103.6% volatile
92 Romania 40.08 billion current LCU 2024 up 344.6% volatile
93 Italy 35.10 billion current LCU 2024 up 68.1% volatile
94 Mozambique 28.75 billion current LCU 2024 up 427.8% volatile
95 Afghanistan 23.04 billion current LCU 2021 up 51.3% volatile
96 Spain 22.76 billion current LCU 2024 up 75.7% volatile
97 Netherlands 21.43 billion current LCU 2024 up 175.1% volatile
98 North Macedonia 20.13 billion current LCU 2024 up 249.0% rising
99 Singapore 20.13 billion current LCU 2024 up 65.5% volatile
100 Malaysia 19.73 billion current LCU 2024 up 22.6% volatile
101 Guinea-Bissau 15.34 billion current LCU 2023 up 43.0% volatile
102 Honduras 14.45 billion current LCU 2024 up 192.1% volatile
103 Mauritania 10.32 billion current LCU 2024 up 135.4% volatile
104 Peru 9.63 billion current LCU 2024 up 5.4% volatile
105 Zambia 9.13 billion current LCU 2024 up 234.6% volatile
106 Belgium 7.91 billion current LCU 2024 up 102.3% volatile
107 Botswana 7.70 billion current LCU 2024 up 147.6% volatile
108 Libya 7.57 billion current LCU 2023 up 50.2% volatile
109 Greece 7.42 billion current LCU 2024 up 77.9% volatile
110 Namibia 6.64 billion current LCU 2024 up 13.9% volatile
111 Finland 6.46 billion current LCU 2024 up 115.0% volatile
112 Djibouti 6.45 billion current LCU 2008 up 35.8% rising
113 Azerbaijan 6.42 billion current LCU 2024 up 138.9% volatile
114 Switzerland 5.92 billion current LCU 2024 up 40.1% rising
115 New Zealand 4.96 billion current LCU 2024 up 106.2% volatile
116 Austria 4.86 billion current LCU 2024 up 95.1% volatile
117 Bolivia 4.53 billion current LCU 2024 up 4.7% volatile
118 Portugal 4.29 billion current LCU 2024 up 89.6% volatile
119 Bulgaria 4.22 billion current LCU 2024 up 282.7% volatile
120 Tunisia 4.09 billion current LCU 2024 up 165.0% volatile
121 Ghana 3.89 billion current LCU 2024 up 405.6% volatile
122 Nicaragua 3.87 billion current LCU 2024 up 83.3% volatile
123 Guatemala 3.22 billion current LCU 2024 up 69.7% volatile
124 Cuba 2.92 billion current LCU 2018 up 44.4% rising
125 Ecuador 2.70 billion current LCU 2024 down 3.2% volatile
126 Tajikistan 2.66 billion current LCU 2024 up 416.4% volatile
127 Slovakia 2.63 billion current LCU 2024 up 250.3% volatile
128 Haiti 2.61 billion current LCU 2024 up 985.3% volatile
129 Eritrea 2.52 billion current LCU 2003 up 367.4% volatile
130 Lithuania 2.43 billion current LCU 2024 up 654.9% volatile
131 Kuwait 2.39 billion current LCU 2024 up 44.1% volatile
132 Oman 2.30 billion current LCU 2024 down 27.1% volatile
133 Moldova 1.97 billion current LCU 2024 up 408.7% volatile
134 Jordan 1.82 billion current LCU 2024 up 65.3% volatile
135 Cape Verde 1.72 billion current LCU 2024 up 105.4% rising
136 Georgia 1.67 billion current LCU 2024 up 128.1% volatile
137 Trinidad and Tobago 1.59 billion current LCU 2024 up 31.5% volatile
138 Croatia 1.51 billion current LCU 2024 up 85.6% rising
139 Eswatini 1.46 billion current LCU 2024 up 65.3% volatile
140 Estonia 1.33 billion current LCU 2024 up 245.3% volatile
141 Latvia 1.32 billion current LCU 2024 up 491.3% volatile
143 Mauritius 1.06 billion current LCU 2024 up 75.8% volatile
144 Gambia 992.92 million current LCU 2024 up 63.0% volatile
145 Slovenia 880.00 million current LCU 2024 up 140.1% rising
146 Sierra Leone 817.89 million current LCU 2024 up 270.4% volatile
148 Brunei 748.53 million current LCU 2024 up 11.9% rising
149 Lesotho 665.20 million current LCU 2024 up 28.5% volatile
150 Cyprus 553.00 million current LCU 2024 up 105.0% rising
151 Bahrain 520.37 million current LCU 2024 down 6.2% volatile
152 El Salvador 425.20 million current LCU 2024 up 81.8% volatile
153 Bosnia and Herzegovina 390.50 million current LCU 2024 up 39.1% falling
154 Seychelles 369.02 million current LCU 2024 down 6.3% volatile
155 Papua New Guinea 352.60 million current LCU 2024 up 27.5% volatile
156 Somalia 201.85 million current LCU 2024 up 235.0% volatile
157 Fiji 174.65 million current LCU 2024 up 23.7% volatile
159 Montenegro 138.70 million current LCU 2024 up 172.4% rising
160 Turkmenistan 116.40 million current LCU 1999 up 37,989.0% volatile
162 Belize 60.28 million current LCU 2024 up 51.3% volatile
163 East Timor 46.40 million current LCU 2024 up 56.6% rising
164 Liberia 33.83 million current LCU 2024 up 132.8% volatile
165 Costa Rica 0 current LCU 2024 flat
165 Iceland 0 current LCU 2024 flat
165 Panama 0 current LCU 2024 volatile

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

About this data

Indicator
Military expenditure (current LCU)
Unit
current LCU
Source
SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 8,248 data points, 1960–2024
Last refreshed

Military expenditure in local currency at current prices (by calendar year)