Military expenditure (current USD), gaps filled in Low & middle income
Low & middle income: Military expenditure (current USD), gaps filled was 687.69 billion current USD in 2024. ◆ Volatile
Military expenditure (current USD), gaps filled in Low & middle income, 1989–2024
Source: Statizoid (derived). Measured in current USD.
Analysis
Low & middle income recorded 687.69 billion current USD for military expenditure (current usd), gaps filled in 2024. That is the highest value across all 36 years on record.
The figure is up 6.4% on the previous year and up 55.3% over ten years.
Over the whole period, military expenditure (current usd), gaps filled in Low & middle income peaked at 687.69 billion current USD in 2024 and was at its lowest, 78.33 billion current USD, in 1993.
Low & middle income ranks 8th of 41 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), gaps filled in Low & middle income, year by year
| Year | current USD | Change |
|---|---|---|
| 1989 | 83.08 billion current USD | — |
| 1990 | 88.29 billion current USD | +6.3% |
| 1991 | 85.68 billion current USD | -3.0% |
| 1992 | 90.70 billion current USD | +5.9% |
| 1993 | 78.33 billion current USD | -13.6% |
| 1994 | 82.71 billion current USD | +5.6% |
| 1995 | 93.14 billion current USD | +12.6% |
| 1996 | 99.62 billion current USD | +7.0% |
| 1997 | 106.00 billion current USD | +6.4% |
| 1998 | 105.86 billion current USD | -0.1% |
| 1999 | 110.66 billion current USD | +4.5% |
| 2000 | 117.49 billion current USD | +6.2% |
| 2001 | 122.23 billion current USD | +4.0% |
| 2002 | 120.59 billion current USD | -1.3% |
| 2003 | 143.90 billion current USD | +19.3% |
| 2004 | 167.56 billion current USD | +16.4% |
| 2005 | 192.32 billion current USD | +14.8% |
| 2006 | 182.83 billion current USD | -4.9% |
| 2007 | 220.43 billion current USD | +20.6% |
| 2008 | 267.54 billion current USD | +21.4% |
| 2009 | 290.82 billion current USD | +8.7% |
| 2010 | 325.76 billion current USD | +12.0% |
| 2011 | 365.12 billion current USD | +12.1% |
| 2012 | 394.52 billion current USD | +8.1% |
| 2013 | 426.05 billion current USD | +8.0% |
| 2014 | 442.82 billion current USD | +3.9% |
| 2015 | 437.35 billion current USD | -1.2% |
| 2016 | 438.69 billion current USD | +0.3% |
| 2017 | 475.29 billion current USD | +8.3% |
| 2018 | 495.80 billion current USD | +4.3% |
| 2019 | 495.73 billion current USD | -0.0% |
| 2020 | 504.91 billion current USD | +1.9% |
| 2021 | 546.24 billion current USD | +8.2% |
| 2022 | 592.98 billion current USD | +8.6% |
| 2023 | 646.26 billion current USD | +9.0% |
| 2024 | 687.69 billion current USD | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 83.08 billion current USD | 83.08 billion current USD | 83.08 billion current USD | 1 |
| 1990s | 94.10 billion current USD | 78.33 billion current USD | 110.66 billion current USD | 10 |
| 2000s | 182.57 billion current USD | 117.49 billion current USD | 290.82 billion current USD | 10 |
| 2010s | 429.71 billion current USD | 325.76 billion current USD | 495.80 billion current USD | 10 |
| 2020s | 595.62 billion current USD | 504.91 billion current USD | 687.69 billion current USD | 5 |
Countries ranked near Low & middle income
- 5 India 86.13 billion current USD compare
- 6 United Kingdom of Great Britain and Northern Ireland 81.76 billion current USD compare
- 7 Saudi Arabia 80.33 billion current USD compare
- 8 Ukraine 64.70 billion current USD compare
- 9 France 64.67 billion current USD compare
- 10 Japan 55.27 billion current USD compare
- 11 Republic of Korea 47.57 billion current USD compare
More public sector data for Low & middle income
- Arms imports 11.23 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.67 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 -22.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.23 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 102.29 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.41 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 186.09 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 8,286 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), gaps filled in Low & middle income?
- Military expenditure (current usd), gaps filled in Low & middle income was 687.69 billion current USD in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), gaps filled recorded in Low & middle income?
- The highest recorded value was 687.69 billion current USD in 2024.
- What is the lowest military expenditure (current usd), gaps filled recorded in Low & middle income?
- The lowest recorded value was 78.33 billion current USD in 1993.
- How does Low & middle income rank for military expenditure (current usd), gaps filled?
- Low & middle income ranks 8th out of 41 groups with data for 2024.
- Is military expenditure (current usd), gaps filled rising or falling in Low & middle income?
- Over the last ten years it is up 55.3%. The long-run trend across the full record is volatile.
- Where does this Low & middle income 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.
Download this data
CSV · JSON — 36 observations, free to reuse under Derived by Statizoid from the sources named on the page.
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
- 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
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.