Military expenditure (current USD), gaps filled in World

World: Military expenditure (current USD), gaps filled was 2.65 trillion current USD in 2024. ◆ Volatile

Latest (2024)
2.65 trillion current USD
Change on year
up 11.2%
Rank
1st
of 3 groups
All-time high
2.65 trillion current USD
in 2024
All-time low
262.11 billion current USD
in 1977
Years of data
48
1977–2024

Military expenditure (current USD), gaps filled in World, 1977–2024

500.0B1.0T1.5T2.0T2.5T197720002024

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

Analysis

In 2024, military expenditure (current usd), gaps filled in World stood at 2.65 trillion current USD. That is the highest value across all 48 years on record.

That represents a change of up 11.2% on the previous year and up 51.1% over ten years.

Over the whole period, military expenditure (current usd), gaps filled in World peaked at 2.65 trillion current USD in 2024 and was at its lowest, 262.11 billion current USD, in 1977.

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

Averages by decade

DecadeAverage LowestHighest Years
1970s 290.00 billion current USD 262.11 billion current USD 319.15 billion current USD 3
1980s 503.28 billion current USD 366.13 billion current USD 657.86 billion current USD 10
1990s 713.84 billion current USD 697.14 billion current USD 728.46 billion current USD 10
2000s 1.11 trillion current USD 742.38 billion current USD 1.56 trillion current USD 10
2010s 1.73 trillion current USD 1.65 trillion current USD 1.86 trillion current USD 10
2020s 2.25 trillion current USD 1.93 trillion current USD 2.65 trillion current USD 5

Countries ranked near World

  1. 1 United States 997.31 billion current USD compare
  2. 2 China 313.66 billion current USD compare
  3. 3 Russian Federation 148.97 billion current USD compare
  4. 4 Germany 88.46 billion current USD compare

See the full ranking of 211 places →

More public sector data for World

All data for World →

Frequently asked questions

What is military expenditure (current usd), gaps filled in World?
Military expenditure (current usd), gaps filled in World was 2.65 trillion current USD in 2024, according to Statizoid (derived).
What is the highest military expenditure (current usd), gaps filled recorded in World?
The highest recorded value was 2.65 trillion current USD in 2024.
What is the lowest military expenditure (current usd), gaps filled recorded in World?
The lowest recorded value was 262.11 billion current USD in 1977.
How does World rank for military expenditure (current usd), gaps filled?
World ranks 1st out of 3 groups with data for 2024.
Is military expenditure (current usd), gaps filled rising or falling in World?
Over the last ten years it is up 51.1%. The long-run trend across the full record is volatile.
Where does this World 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 World. Statizoid, drawing on Statizoid (derived). Retrieved 21 August 2026, from https://public-sector.statizoid.com/stat/military-expenditure-current-usd-gaps-filled/world/

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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.