Military expenditure (current USD), annual growth rate in Low income
Low income: Military expenditure (current USD), annual growth rate was 17.86 % change on previous year in 2024. ◆ Volatile
Latest (2024)
17.86 % change on previous year
Change on year
down 15.0%
Rank
6th
of 41 groups
All-time high
74.54 % change on previous year
in 1990
All-time low
-47.76 % change on previous year
in 1989
Years of data
51
1974–2024
Military expenditure (current USD), annual growth rate in Low income, 1974–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Low income recorded 17.86 % change on previous year for military expenditure (current usd), annual growth rate in 2024.
The figure is down 15.0% on the previous year and up 199.6% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in Low income peaked at 74.54 % change on previous year in 1990 and was at its lowest, -47.76 % change on previous year, in 1989.
That places Low income 6th 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 Low income, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1974 | 36.19 % change on previous year | — |
| 1975 | 40.23 % change on previous year | +11.2% |
| 1976 | 6.29 % change on previous year | -84.4% |
| 1977 | 15.47 % change on previous year | +146.2% |
| 1978 | 21.98 % change on previous year | +42.1% |
| 1979 | 27.67 % change on previous year | +25.9% |
| 1980 | 32.8 % change on previous year | +18.5% |
| 1981 | -4.28 % change on previous year | -113.0% |
| 1982 | 5.76 % change on previous year | -234.8% |
| 1983 | 1.62 % change on previous year | -71.9% |
| 1984 | 19.89 % change on previous year | +1127.5% |
| 1985 | -0.9668 % change on previous year | -104.9% |
| 1986 | 7.61 % change on previous year | -887.0% |
| 1987 | -2.13 % change on previous year | -128.0% |
| 1988 | 10.2 % change on previous year | -578.5% |
| 1989 | -47.76 % change on previous year | -568.4% |
| 1990 | 74.54 % change on previous year | -256.1% |
| 1991 | 26.28 % change on previous year | -64.7% |
| 1992 | -16.95 % change on previous year | -164.5% |
| 1993 | -14.91 % change on previous year | -12.0% |
| 1994 | 9.75 % change on previous year | -165.4% |
| 1995 | -47.13 % change on previous year | -583.3% |
| 1996 | -7.66 % change on previous year | -83.8% |
| 1997 | 2.7 % change on previous year | -135.3% |
| 1998 | 22.96 % change on previous year | +749.8% |
| 1999 | 19.64 % change on previous year | -14.4% |
| 2000 | -4.94 % change on previous year | -125.2% |
| 2001 | -12.83 % change on previous year | +159.4% |
| 2002 | 10.26 % change on previous year | -180.0% |
| 2003 | 14.48 % change on previous year | +41.1% |
| 2004 | 22.13 % change on previous year | +52.8% |
| 2005 | 4.12 % change on previous year | -81.4% |
| 2006 | 24.6 % change on previous year | +497.6% |
| 2007 | 26.97 % change on previous year | +9.6% |
| 2008 | 24.16 % change on previous year | -10.4% |
| 2009 | 3.63 % change on previous year | -85.0% |
| 2010 | -27.1 % change on previous year | -847.1% |
| 2011 | 12.63 % change on previous year | -146.6% |
| 2012 | -39.89 % change on previous year | -415.9% |
| 2013 | 15.46 % change on previous year | -138.8% |
| 2014 | 5.96 % change on previous year | -61.4% |
| 2015 | 17.46 % change on previous year | +192.9% |
| 2016 | -4.08 % change on previous year | -123.4% |
| 2017 | 25.73 % change on previous year | -730.8% |
| 2018 | -26.53 % change on previous year | -203.1% |
| 2019 | -23.01 % change on previous year | -13.3% |
| 2020 | 23.86 % change on previous year | -203.7% |
| 2021 | 10.18 % change on previous year | -57.3% |
| 2022 | 0.4227 % change on previous year | -95.8% |
| 2023 | 21 % change on previous year | +4868.5% |
| 2024 | 17.86 % change on previous year | -15.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.64 % change on previous year | 6.29 % change on previous year | 40.23 % change on previous year | 6 |
| 1980s | 2.27 % change on previous year | -47.76 % change on previous year | 32.8 % change on previous year | 10 |
| 1990s | 6.92 % change on previous year | -47.13 % change on previous year | 74.54 % change on previous year | 10 |
| 2000s | 11.26 % change on previous year | -12.83 % change on previous year | 26.97 % change on previous year | 10 |
| 2010s | -4.34 % change on previous year | -39.89 % change on previous year | 25.73 % change on previous year | 10 |
| 2020s | 14.66 % change on previous year | 0.4227 % change on previous year | 23.86 % change on previous year | 5 |
Countries ranked near Low income
- 3 South Sudan 88.44 % change on previous year compare
- 4 Guyana 84.04 % change on previous year compare
- 5 Israel 69.12 % change on previous year compare
- 6 Haiti 67.58 % change on previous year compare
- 7 Mongolia 62.24 % change on previous year compare
- 8 Romania 54.86 % change on previous year compare
- 9 Chad 49.62 % change on previous year compare
More public sector data for Low income
- Arms imports 141.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.1887 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 -50.7 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 141.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 12.46 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0154 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 9.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.47 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 537.52 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in Low income?
- Military expenditure (current usd), annual growth rate in Low income was 17.86 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in Low income?
- The highest recorded value was 74.54 % change on previous year in 1990.
- What is the lowest military expenditure (current usd), annual growth rate recorded in Low income?
- The lowest recorded value was -47.76 % change on previous year in 1989.
- How does Low income rank for military expenditure (current usd), annual growth rate?
- Low income ranks 6th out of 41 groups with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in Low income?
- Over the last ten years it is up 199.6%. The long-run trend across the full record is volatile.
- Where does this Low 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
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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.