Military expenditure (current USD), annual growth rate in India
India: Military expenditure (current USD), annual growth rate was 4.66 % change on previous year in 2024. ◆ Volatile
Latest (2024)
4.66 % change on previous year
Change on year
up 60.8%
World rank
103rd
of 164 countries
All-time high
68.52 % change on previous year
in 1963
All-time low
-21.86 % change on previous year
in 1966
Years of data
64
1961–2024
Military expenditure (current USD), annual growth rate in India, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, military expenditure (current usd), annual growth rate in India stood at 4.66 % change on previous year.
That represents a change of up 60.8% on the previous year and down 37.1% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in India peaked at 68.52 % change on previous year in 1963 and was at its lowest, -21.86 % change on previous year, in 1966.
India ranks 103rd of 164 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.
Military expenditure (current USD), annual growth rate in India, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 9.77 % change on previous year | — |
| 1962 | 42.36 % change on previous year | +333.5% |
| 1963 | 68.52 % change on previous year | +61.7% |
| 1964 | 10.65 % change on previous year | -84.5% |
| 1965 | 7.01 % change on previous year | -34.1% |
| 1966 | -21.86 % change on previous year | -411.7% |
| 1967 | -10.44 % change on previous year | -52.3% |
| 1968 | 6.66 % change on previous year | -163.8% |
| 1969 | 6.59 % change on previous year | -1.1% |
| 1970 | 8.37 % change on previous year | +27.0% |
| 1971 | 23.04 % change on previous year | +175.3% |
| 1972 | 10.73 % change on previous year | -53.4% |
| 1973 | 1.31 % change on previous year | -87.8% |
| 1974 | 14.45 % change on previous year | +1004.0% |
| 1975 | 14.79 % change on previous year | +2.4% |
| 1976 | -0.8647 % change on previous year | -105.8% |
| 1977 | 5.53 % change on previous year | -739.4% |
| 1978 | 14.34 % change on previous year | +159.4% |
| 1979 | 15.44 % change on previous year | +7.7% |
| 1980 | 18.11 % change on previous year | +17.3% |
| 1981 | 8.45 % change on previous year | -53.3% |
| 1982 | 7.2 % change on previous year | -14.9% |
| 1983 | 8.39 % change on previous year | +16.6% |
| 1984 | 1.84 % change on previous year | -78.0% |
| 1985 | 8.77 % change on previous year | +376.0% |
| 1986 | 26.07 % change on previous year | +197.1% |
| 1987 | 14.03 % change on previous year | -46.2% |
| 1988 | 4.31 % change on previous year | -69.3% |
| 1989 | -6.67 % change on previous year | -254.7% |
| 1990 | -0.4986 % change on previous year | -92.5% |
| 1991 | -18.17 % change on previous year | +3544.2% |
| 1992 | -6.25 % change on previous year | -65.6% |
| 1993 | 2.11 % change on previous year | -133.7% |
| 1994 | 7.6 % change on previous year | +260.6% |
| 1995 | 9.84 % change on previous year | +29.5% |
| 1996 | 1.54 % change on previous year | -84.4% |
| 1997 | 15.75 % change on previous year | +922.9% |
| 1998 | 3.97 % change on previous year | -74.8% |
| 1999 | 16.57 % change on previous year | +316.8% |
| 2000 | 2.82 % change on previous year | -83.0% |
| 2001 | 2.19 % change on previous year | -22.3% |
| 2002 | 1.02 % change on previous year | -53.4% |
| 2003 | 10.74 % change on previous year | +951.8% |
| 2004 | 23.9 % change on previous year | +122.6% |
| 2005 | 14 % change on previous year | -41.4% |
| 2006 | 3.81 % change on previous year | -72.8% |
| 2007 | 17.96 % change on previous year | +371.2% |
| 2008 | 16.8 % change on previous year | -6.5% |
| 2009 | 17.33 % change on previous year | +3.1% |
| 2010 | 19.03 % change on previous year | +9.8% |
| 2011 | 7.69 % change on previous year | -59.6% |
| 2012 | -4.87 % change on previous year | -163.3% |
| 2013 | 0.3952 % change on previous year | -108.1% |
| 2014 | 7.41 % change on previous year | +1773.9% |
| 2015 | 0.7491 % change on previous year | -89.9% |
| 2016 | 10.41 % change on previous year | +1290.2% |
| 2017 | 13.99 % change on previous year | +34.3% |
| 2018 | 2.63 % change on previous year | -81.2% |
| 2019 | 7.86 % change on previous year | +199.0% |
| 2020 | 2.05 % change on previous year | -73.9% |
| 2021 | 4.68 % change on previous year | +127.7% |
| 2022 | 4.75 % change on previous year | +1.6% |
| 2023 | 2.9 % change on previous year | -39.1% |
| 2024 | 4.66 % change on previous year | +60.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.25 % change on previous year | -21.86 % change on previous year | 68.52 % change on previous year | 9 |
| 1970s | 10.71 % change on previous year | -0.8647 % change on previous year | 23.04 % change on previous year | 10 |
| 1980s | 9.05 % change on previous year | -6.67 % change on previous year | 26.07 % change on previous year | 10 |
| 1990s | 3.25 % change on previous year | -18.17 % change on previous year | 16.57 % change on previous year | 10 |
| 2000s | 11.06 % change on previous year | 1.02 % change on previous year | 23.9 % change on previous year | 10 |
| 2010s | 6.53 % change on previous year | -4.87 % change on previous year | 19.03 % change on previous year | 10 |
| 2020s | 3.81 % change on previous year | 2.05 % change on previous year | 4.75 % change on previous year | 5 |
Countries ranked near India
- 100 Djibouti 5.09 % change on previous year compare
- 101 Cuba 4.94 % change on previous year compare
- 102 Ireland 4.83 % change on previous year compare
- 104 Jordan 4.49 % change on previous year compare
- 105 Australia 4.42 % change on previous year compare
- 106 Slovenia 4.27 % change on previous year compare
More public sector data for India
- Arms imports 1.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.805 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -21.66 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 59.36 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0229 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 86.13 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 501.48 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 27,678 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in India?
- Military expenditure (current usd), annual growth rate in India was 4.66 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in India?
- The highest recorded value was 68.52 % change on previous year in 1963.
- What is the lowest military expenditure (current usd), annual growth rate recorded in India?
- The lowest recorded value was -21.86 % change on previous year in 1966.
- How does India rank for military expenditure (current usd), annual growth rate?
- India ranks 103rd out of 164 countries with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in India?
- Over the last ten years it is down 37.1%. The long-run trend across the full record is volatile.
- Where does this India 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.