Military expenditure (current USD), gaps filled in Italy

Italy: Military expenditure (current USD), gaps filled was 37.96 billion current USD in 2024. ◆ Volatile

Latest (2024)
37.96 billion current USD
Change on year
up 2.8%
World rank
14th
of 167 countries
All-time high
37.96 billion current USD
in 2024
All-time low
1.01 billion current USD
in 1960
Years of data
65
1960–2024

Military expenditure (current USD), gaps filled in Italy, 1960–2024

010.0B20.0B30.0B40.0B196019922024

Source: Statizoid (derived). Measured in current USD.

Analysis

In 2024, military expenditure (current usd), gaps filled in Italy stood at 37.96 billion current USD. That is the highest value across all 65 years on record.

Compared with earlier readings it is up 2.8% on the previous year and up 37.1% over ten years.

Over the whole period, military expenditure (current usd), gaps filled in Italy peaked at 37.96 billion current USD in 2024 and was at its lowest, 1.01 billion current USD, in 1960.

Italy ranks 14th of 167 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Military expenditure (current USD), gaps filled in Italy, year by year

Annual values for Military expenditure (current USD), gaps filled in Italy, 1960 to 2024.
Year current USD Change
1960 1.01 billion current USD —
1961 1.06 billion current USD +5.3%
1962 1.22 billion current USD +15.0%
1963 1.46 billion current USD +19.7%
1964 1.59 billion current USD +8.4%
1965 1.72 billion current USD +8.4%
1966 1.90 billion current USD +10.7%
1967 1.93 billion current USD +1.3%
1968 1.99 billion current USD +3.2%
1969 2.00 billion current USD +0.6%
1970 2.22 billion current USD +10.6%
1971 2.65 billion current USD +19.5%
1972 3.29 billion current USD +24.2%
1973 3.64 billion current USD +10.6%
1974 3.89 billion current USD +6.9%
1975 4.22 billion current USD +8.4%
1976 3.84 billion current USD -8.8%
1977 4.56 billion current USD +18.5%
1978 5.54 billion current USD +21.6%
1979 6.90 billion current USD +24.6%
1980 7.92 billion current USD +14.7%
1981 7.39 billion current USD -6.7%
1982 8.06 billion current USD +9.1%
1983 8.41 billion current USD +4.3%
1984 8.30 billion current USD -1.3%
1985 8.25 billion current USD -0.5%
1986 11.94 billion current USD +44.7%
1987 15.65 billion current USD +31.1%
1988 17.40 billion current USD +11.2%
1989 17.68 billion current USD +1.6%
1990 20.73 billion current USD +17.3%
1991 21.59 billion current USD +4.1%
1992 22.18 billion current USD +2.7%
1993 18.24 billion current USD -17.7%
1994 18.06 billion current USD -1.0%
1995 17.19 billion current USD -4.9%
1996 20.79 billion current USD +21.0%
1997 20.16 billion current USD -3.1%
1998 20.83 billion current USD +3.3%
1999 21.02 billion current USD +0.9%
2000 19.88 billion current USD -5.4%
2001 19.52 billion current USD -1.8%
2002 21.61 billion current USD +10.7%
2003 26.82 billion current USD +24.1%
2004 30.26 billion current USD +12.8%
2005 29.74 billion current USD -1.7%
2006 29.63 billion current USD -0.4%
2007 31.98 billion current USD +7.9%
2008 36.84 billion current USD +15.2%
2009 34.05 billion current USD -7.6%
2010 32.02 billion current USD -6.0%
2011 33.83 billion current USD +5.6%
2012 29.78 billion current USD -12.0%
2013 29.96 billion current USD +0.6%
2014 27.70 billion current USD -7.5%
2015 22.18 billion current USD -19.9%
2016 25.03 billion current USD +12.9%
2017 26.45 billion current USD +5.7%
2018 28.42 billion current USD +7.5%
2019 26.38 billion current USD -7.2%
2020 32.93 billion current USD +24.8%
2021 36.23 billion current USD +10.0%
2022 34.69 billion current USD -4.3%
2023 36.93 billion current USD +6.5%
2024 37.96 billion current USD +2.8%

Italy compared with similar countries

  • Italy's 37.96 billion current USD is above the median for high income countries, which is 6.62 billion current USD, 5.7× the median. (54 countries reporting)
  • Italy's 37.96 billion current USD is above the median for Europe & Central Asia, which is 2.63 billion current USD, 14.4× the median. (49 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1960s 1.59 billion current USD 1.01 billion current USD 2.00 billion current USD 10
1970s 4.07 billion current USD 2.22 billion current USD 6.90 billion current USD 10
1980s 11.10 billion current USD 7.39 billion current USD 17.68 billion current USD 10
1990s 20.08 billion current USD 17.19 billion current USD 22.18 billion current USD 10
2000s 28.03 billion current USD 19.52 billion current USD 36.84 billion current USD 10
2010s 28.18 billion current USD 22.18 billion current USD 33.83 billion current USD 10
2020s 35.75 billion current USD 32.93 billion current USD 37.96 billion current USD 5

Countries ranked near Italy

  1. 11 South Korea 47.57 billion current USD compare
  2. 12 Israel 46.51 billion current USD compare
  3. 13 Poland 38.00 billion current USD compare
  4. 15 Australia 33.82 billion current USD compare
  5. 16 Canada 29.35 billion current USD compare
  6. 17 Turkey 24.98 billion current USD compare

See the full ranking of 211 places →

More public sector data for Italy

All data for Italy →

Frequently asked questions

What is military expenditure (current usd), gaps filled in Italy?
Military expenditure (current usd), gaps filled in Italy was 37.96 billion current USD in 2024, according to Statizoid (derived).
What is the highest military expenditure (current usd), gaps filled recorded in Italy?
The highest recorded value was 37.96 billion current USD in 2024.
What is the lowest military expenditure (current usd), gaps filled recorded in Italy?
The lowest recorded value was 1.01 billion current USD in 1960.
How does Italy rank for military expenditure (current usd), gaps filled?
Italy ranks 14th out of 167 countries with data for 2024.
Is military expenditure (current usd), gaps filled rising or falling in Italy?
Over the last ten years it is up 37.1%. The long-run trend across the full record is volatile.
Where does this Italy data come from?
The figures come from Statizoid (derived), published as part of Military expenditure (current USD), gaps filled. Statizoid updates them automatically from the source API.

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Military expenditure (current USD), gaps filled in Italy. Statizoid, drawing on Statizoid (derived). Retrieved 07 October 2026, from https://public-sector.statizoid.com/stat/military-expenditure-current-usd-gaps-filled/italy/

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How this figure is calculated

Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.

Computed from

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

Indicator
Military expenditure (current USD), gaps filled
Unit
current USD
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,708 data points, 1960–2024
Last refreshed

Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.