Military expenditure (current USD) in Early-demographic dividend
Early-demographic dividend: Military expenditure was 347.32 billion current USD in 2024. ◆ Volatile
Latest (2024)
347.32 billion current USD
Change on year
up 13.0%
Rank
15th
of 44 groups
All-time high
347.32 billion current USD
in 2024
All-time low
2.60 billion current USD
in 1961
Years of data
65
1960–2024
Military expenditure in Early-demographic dividend, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Early-demographic dividend stood at 347.32 billion current USD. That is the highest value across all 65 years on record.
The figure is up 13.0% on the previous year and up 36.5% over ten years.
Over the whole period, military expenditure in Early-demographic dividend peaked at 347.32 billion current USD in 2024 and was at its lowest, 2.60 billion current USD, in 1961.
Early-demographic dividend ranks 15th of 44 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Early-demographic dividend, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 2.76 billion current USD | — |
| 1961 | 2.60 billion current USD | -5.6% |
| 1962 | 3.65 billion current USD | +40.3% |
| 1963 | 4.58 billion current USD | +25.6% |
| 1964 | 5.26 billion current USD | +14.6% |
| 1965 | 5.93 billion current USD | +12.9% |
| 1966 | 5.95 billion current USD | +0.4% |
| 1967 | 6.37 billion current USD | +6.9% |
| 1968 | 7.09 billion current USD | +11.4% |
| 1969 | 8.09 billion current USD | +14.1% |
| 1970 | 9.27 billion current USD | +14.6% |
| 1971 | 10.15 billion current USD | +9.4% |
| 1972 | 11.07 billion current USD | +9.1% |
| 1973 | 14.79 billion current USD | +33.6% |
| 1974 | 21.47 billion current USD | +45.2% |
| 1975 | 25.93 billion current USD | +20.8% |
| 1976 | 30.57 billion current USD | +17.9% |
| 1977 | 44.64 billion current USD | +46.0% |
| 1978 | 48.94 billion current USD | +9.6% |
| 1979 | 53.40 billion current USD | +9.1% |
| 1980 | 62.64 billion current USD | +17.3% |
| 1981 | 72.44 billion current USD | +15.6% |
| 1982 | 74.51 billion current USD | +2.9% |
| 1983 | 70.37 billion current USD | -5.6% |
| 1984 | 70.38 billion current USD | +0.0% |
| 1985 | 65.88 billion current USD | -6.4% |
| 1986 | 53.65 billion current USD | -18.6% |
| 1987 | 76.25 billion current USD | +42.1% |
| 1988 | 81.02 billion current USD | +6.3% |
| 1989 | 72.29 billion current USD | -10.8% |
| 1990 | 81.02 billion current USD | +12.1% |
| 1991 | 83.56 billion current USD | +3.1% |
| 1992 | 85.19 billion current USD | +1.9% |
| 1993 | 69.60 billion current USD | -18.3% |
| 1994 | 70.29 billion current USD | +1.0% |
| 1995 | 71.95 billion current USD | +2.4% |
| 1996 | 74.76 billion current USD | +3.9% |
| 1997 | 85.36 billion current USD | +14.2% |
| 1998 | 88.05 billion current USD | +3.1% |
| 1999 | 90.97 billion current USD | +3.3% |
| 2000 | 97.81 billion current USD | +7.5% |
| 2001 | 98.88 billion current USD | +1.1% |
| 2002 | 90.49 billion current USD | -8.5% |
| 2003 | 109.73 billion current USD | +21.3% |
| 2004 | 126.36 billion current USD | +15.2% |
| 2005 | 143.42 billion current USD | +13.5% |
| 2006 | 121.71 billion current USD | -15.1% |
| 2007 | 142.92 billion current USD | +17.4% |
| 2008 | 162.05 billion current USD | +13.4% |
| 2009 | 170.67 billion current USD | +5.3% |
| 2010 | 192.15 billion current USD | +12.6% |
| 2011 | 208.67 billion current USD | +8.6% |
| 2012 | 225.52 billion current USD | +8.1% |
| 2013 | 240.80 billion current USD | +6.8% |
| 2014 | 254.43 billion current USD | +5.7% |
| 2015 | 252.11 billion current USD | -0.9% |
| 2016 | 236.15 billion current USD | -6.3% |
| 2017 | 259.34 billion current USD | +9.8% |
| 2018 | 263.83 billion current USD | +1.7% |
| 2019 | 253.74 billion current USD | -3.8% |
| 2020 | 253.20 billion current USD | -0.2% |
| 2021 | 264.38 billion current USD | +4.4% |
| 2022 | 279.57 billion current USD | +5.7% |
| 2023 | 307.43 billion current USD | +10.0% |
| 2024 | 347.32 billion current USD | +13.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.23 billion current USD | 2.60 billion current USD | 8.09 billion current USD | 10 |
| 1970s | 27.02 billion current USD | 9.27 billion current USD | 53.40 billion current USD | 10 |
| 1980s | 69.94 billion current USD | 53.65 billion current USD | 81.02 billion current USD | 10 |
| 1990s | 80.08 billion current USD | 69.60 billion current USD | 90.97 billion current USD | 10 |
| 2000s | 126.40 billion current USD | 90.49 billion current USD | 170.67 billion current USD | 10 |
| 2010s | 238.67 billion current USD | 192.15 billion current USD | 263.83 billion current USD | 10 |
| 2020s | 290.38 billion current USD | 253.20 billion current USD | 347.32 billion current USD | 5 |
Countries ranked near Early-demographic dividend
- 12 Israel 46.51 billion current USD compare
- 13 Poland 38.00 billion current USD compare
- 14 Italy 37.96 billion current USD compare
- 15 Australia 33.82 billion current USD compare
- 16 Canada 29.35 billion current USD compare
- 17 Turkey 24.98 billion current USD compare
- 18 Spain 24.62 billion current USD compare
More public sector data for Early-demographic dividend
- Arms imports 5.98 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.68 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -38.5 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 5.98 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 97.77 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0222 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.98 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 347.32 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 291.7 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Early-demographic dividend?
- Military expenditure in Early-demographic dividend was 347.32 billion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Early-demographic dividend?
- The highest recorded value was 347.32 billion current USD in 2024.
- What is the lowest military expenditure recorded in Early-demographic dividend?
- The lowest recorded value was 2.60 billion current USD in 1961.
- How does Early-demographic dividend rank for military expenditure?
- Early-demographic dividend ranks 15th out of 44 groups with data for 2024.
- Is military expenditure rising or falling in Early-demographic dividend?
- Over the last ten years it is up 36.5%. The long-run trend across the full record is volatile.
- Where does this Early-demographic dividend data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)