Military expenditure (current USD), gaps filled in Late-demographic dividend

Late-demographic dividend: Military expenditure (current USD), gaps filled was 604.82 billion current USD in 2024. ◆ Volatile

Latest (2024)
604.82 billion current USD
Change on year
up 14.9%
Rank
10th
of 41 groups
All-time high
604.82 billion current USD
in 2024
All-time low
36.06 billion current USD
in 1989
Years of data
36
1989–2024

Military expenditure (current USD), gaps filled in Late-demographic dividend, 1989–2024

0200.0B400.0B600.0B1989200620241989: 36.1B current USD1990: 42.8B current USD1991: 44.9B current USD1992: 39.5B current USD1993: 47.1B current USD1994: 56.8B current USD1995: 65.4B current USD1996: 72.4B current USD1997: 76.8B current USD1998: 67.7B current USD1999: 64.4B current USD2000: 72.0B current USD2001: 80.2B current USD2002: 85.9B current USD2003: 94.8B current USD2004: 109.8B current USD2005: 129.4B current USD2006: 153.7B current USD2007: 189.0B current USD2008: 236.0B current USD2009: 248.0B current USD2010: 280.7B current USD2011: 322.5B current USD2012: 356.6B current USD2013: 389.4B current USD2014: 403.8B current USD2015: 363.3B current USD2016: 365.9B current USD2017: 384.0B current USD2018: 407.5B current USD2019: 409.6B current USD2020: 418.5B current USD2021: 468.3B current USD2022: 511.9B current USD2023: 526.4B current USD2024: 604.8B current USD

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

Analysis

The most recent figure for military expenditure (current usd), gaps filled in Late-demographic dividend is 604.82 billion current USD, measured in 2024. That is the highest value across all 36 years on record.

The figure is up 14.9% on the previous year and up 49.8% over ten years.

Over the whole period, military expenditure (current usd), gaps filled in Late-demographic dividend peaked at 604.82 billion current USD in 2024 and was at its lowest, 36.06 billion current USD, in 1989.

That places Late-demographic dividend 10th 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.

Averages by decade

DecadeAverage LowestHighest Years
1980s 36.06 billion current USD 36.06 billion current USD 36.06 billion current USD 1
1990s 57.78 billion current USD 39.52 billion current USD 76.85 billion current USD 10
2000s 139.88 billion current USD 71.96 billion current USD 248.03 billion current USD 10
2010s 368.33 billion current USD 280.73 billion current USD 409.64 billion current USD 10
2020s 506.00 billion current USD 418.54 billion current USD 604.82 billion current USD 5

Countries ranked near Late-demographic dividend

  1. 7 Saudi Arabia 80.33 billion current USD compare
  2. 8 Ukraine 64.70 billion current USD compare
  3. 9 France 64.67 billion current USD compare
  4. 10 Japan 55.27 billion current USD compare
  5. 11 Republic of Korea 47.57 billion current USD compare
  6. 12 Israel 46.51 billion current USD compare
  7. 13 Poland 38.00 billion current USD compare

See the full ranking of 211 places →

More public sector data for Late-demographic dividend

All data for Late-demographic dividend →

Frequently asked questions

What is military expenditure (current usd), gaps filled in Late-demographic dividend?
Military expenditure (current usd), gaps filled in Late-demographic dividend was 604.82 billion current USD in 2024, according to Statizoid (derived).
What is the highest military expenditure (current usd), gaps filled recorded in Late-demographic dividend?
The highest recorded value was 604.82 billion current USD in 2024.
What is the lowest military expenditure (current usd), gaps filled recorded in Late-demographic dividend?
The lowest recorded value was 36.06 billion current USD in 1989.
How does Late-demographic dividend rank for military expenditure (current usd), gaps filled?
Late-demographic dividend ranks 10th out of 41 groups with data for 2024.
Is military expenditure (current usd), gaps filled rising or falling in Late-demographic dividend?
Over the last ten years it is up 49.8%. The long-run trend across the full record is volatile.
Where does this Late-demographic dividend 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 Late-demographic dividend. Statizoid, drawing on Statizoid (derived). Retrieved 21 August 2026, from https://public-sector.statizoid.com/stat/military-expenditure-current-usd-gaps-filled/late-demographic-dividend/

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<a href="https://public-sector.statizoid.com/stat/military-expenditure-current-usd-gaps-filled/late-demographic-dividend/">Military expenditure (current USD), gaps filled in Late-demographic dividend</a> — Statizoid

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.