Military expenditure (current USD), annual growth rate in High income
High income: Military expenditure (current USD), annual growth rate was 12.96 % change on previous year in 2024. ◆ Volatile
Latest (2024)
12.96 % change on previous year
Change on year
up 62.2%
Rank
11th
of 41 groups
All-time high
17.69 % change on previous year
in 1977
All-time low
-7.42 % change on previous year
in 2015
Years of data
64
1961–2024
Military expenditure (current USD), annual growth rate in High income, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, military expenditure (current usd), annual growth rate in High income stood at 12.96 % change on previous year.
Compared with earlier readings it is up 62.2% on the previous year and up 1,105.9% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in High income peaked at 17.69 % change on previous year in 1977 and was at its lowest, -7.42 % change on previous year, in 2015.
That places High income 11th out of 41 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), annual growth rate in High income, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 5.78 % change on previous year | — |
| 1962 | 10.1 % change on previous year | +74.8% |
| 1963 | 2.51 % change on previous year | -75.2% |
| 1964 | 0.5606 % change on previous year | -77.6% |
| 1965 | 3.31 % change on previous year | +489.8% |
| 1966 | 16.31 % change on previous year | +393.3% |
| 1967 | 14.24 % change on previous year | -12.7% |
| 1968 | 6.08 % change on previous year | -57.3% |
| 1969 | 2.42 % change on previous year | -60.2% |
| 1970 | 1.87 % change on previous year | -22.9% |
| 1971 | 0.1556 % change on previous year | -91.7% |
| 1972 | 8.76 % change on previous year | +5532.7% |
| 1973 | 8.92 % change on previous year | +1.8% |
| 1974 | 10.79 % change on previous year | +20.9% |
| 1975 | 8.52 % change on previous year | -21.0% |
| 1976 | 3.31 % change on previous year | -61.1% |
| 1977 | 17.69 % change on previous year | +433.6% |
| 1978 | 10.27 % change on previous year | -41.9% |
| 1979 | 11.78 % change on previous year | +14.8% |
| 1980 | 14.9 % change on previous year | +26.4% |
| 1981 | 10.15 % change on previous year | -31.8% |
| 1982 | 14.09 % change on previous year | +38.8% |
| 1983 | -1.7 % change on previous year | -112.1% |
| 1984 | 4.86 % change on previous year | -385.8% |
| 1985 | 6.43 % change on previous year | +32.3% |
| 1986 | 9.4 % change on previous year | +46.2% |
| 1987 | 12.35 % change on previous year | +31.4% |
| 1988 | 6.05 % change on previous year | -51.0% |
| 1989 | 2.32 % change on previous year | -61.6% |
| 1990 | 8.56 % change on previous year | +268.6% |
| 1991 | -1.99 % change on previous year | -123.2% |
| 1992 | 4.28 % change on previous year | -315.5% |
| 1993 | -2.97 % change on previous year | -169.3% |
| 1994 | 0.8633 % change on previous year | -129.1% |
| 1995 | 1.21 % change on previous year | +40.3% |
| 1996 | -1.45 % change on previous year | -220.0% |
| 1997 | -0.6885 % change on previous year | -52.6% |
| 1998 | -2.91 % change on previous year | +322.3% |
| 1999 | 1.35 % change on previous year | -146.3% |
| 2000 | 2.72 % change on previous year | +102.0% |
| 2001 | 1.24 % change on previous year | -54.3% |
| 2002 | 9.79 % change on previous year | +687.8% |
| 2003 | 16.35 % change on previous year | +66.9% |
| 2004 | 12.31 % change on previous year | -24.7% |
| 2005 | 7.1 % change on previous year | -42.3% |
| 2006 | 5.2 % change on previous year | -26.8% |
| 2007 | 9.16 % change on previous year | +76.2% |
| 2008 | 11.21 % change on previous year | +22.4% |
| 2009 | 2.51 % change on previous year | -77.6% |
| 2010 | 3.94 % change on previous year | +57.3% |
| 2011 | 4.68 % change on previous year | +18.6% |
| 2012 | -1.56 % change on previous year | -133.3% |
| 2013 | -2.51 % change on previous year | +60.8% |
| 2014 | -1.29 % change on previous year | -48.6% |
| 2015 | -7.42 % change on previous year | +475.9% |
| 2016 | -0.536 % change on previous year | -92.8% |
| 2017 | 2.67 % change on previous year | -598.5% |
| 2018 | 5.63 % change on previous year | +110.8% |
| 2019 | 3.93 % change on previous year | -30.3% |
| 2020 | 4.98 % change on previous year | +26.9% |
| 2021 | 6.79 % change on previous year | +36.3% |
| 2022 | 5.48 % change on previous year | -19.3% |
| 2023 | 7.99 % change on previous year | +45.7% |
| 2024 | 12.96 % change on previous year | +62.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.81 % change on previous year | 0.5606 % change on previous year | 16.31 % change on previous year | 9 |
| 1970s | 8.21 % change on previous year | 0.1556 % change on previous year | 17.69 % change on previous year | 10 |
| 1980s | 7.88 % change on previous year | -1.7 % change on previous year | 14.9 % change on previous year | 10 |
| 1990s | 0.6252 % change on previous year | -2.97 % change on previous year | 8.56 % change on previous year | 10 |
| 2000s | 7.76 % change on previous year | 1.24 % change on previous year | 16.35 % change on previous year | 10 |
| 2010s | 0.7543 % change on previous year | -7.42 % change on previous year | 5.63 % change on previous year | 10 |
| 2020s | 7.64 % change on previous year | 4.98 % change on previous year | 12.96 % change on previous year | 5 |
Countries ranked near High income
- 8 Romania 54.86 % change on previous year compare
- 9 Chad 49.62 % change on previous year compare
- 10 Poland 44.25 % change on previous year compare
- 11 Somalia 43.19 % change on previous year compare
- 12 Mexico 41.44 % change on previous year compare
- 13 Colombia 40.05 % change on previous year compare
- 14 Netherlands 39.43 % change on previous year compare
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 33,585 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in High income?
- Military expenditure (current usd), annual growth rate in High income was 12.96 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in High income?
- The highest recorded value was 17.69 % change on previous year in 1977.
- What is the lowest military expenditure (current usd), annual growth rate recorded in High income?
- The lowest recorded value was -7.42 % change on previous year in 2015.
- How does High income rank for military expenditure (current usd), annual growth rate?
- High income ranks 11th out of 41 groups with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in High income?
- Over the last ten years it is up 1,105.9%. The long-run trend across the full record is volatile.
- Where does this High income data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.