Military expenditure (current USD) in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Military expenditure (current USD) was 13.44 billion current USD in 2024. ◆ Volatile
Latest (2024)
13.44 billion current USD
Change on year
up 4.7%
Rank
41st
of 44 groups
All-time high
13.44 billion current USD
in 2024
All-time low
326.48 million current USD
in 1968
Years of data
57
1968–2024
Military expenditure in Heavily indebted poor countries (HIPC), 1968–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in Heavily indebted poor countries (HIPC) is 13.44 billion current USD, measured in 2024. That is the highest value across all 57 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 79.0% over ten years.
Over the whole period, military expenditure in Heavily indebted poor countries (HIPC) peaked at 13.44 billion current USD in 2024 and was at its lowest, 326.48 million current USD, in 1968.
Heavily indebted poor countries (HIPC) ranks 41st of 44 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD) in Heavily indebted poor countries (HIPC), year by year
| Year | current USD | Change |
|---|---|---|
| 1968 | 326.48 million current USD | — |
| 1969 | 393.98 million current USD | +20.7% |
| 1970 | 503.52 million current USD | +27.8% |
| 1971 | 561.65 million current USD | +11.5% |
| 1972 | 607.31 million current USD | +8.1% |
| 1973 | 715.39 million current USD | +17.8% |
| 1974 | 937.84 million current USD | +31.1% |
| 1975 | 1.14 billion current USD | +21.4% |
| 1976 | 1.22 billion current USD | +6.9% |
| 1977 | 1.54 billion current USD | +26.2% |
| 1978 | 2.12 billion current USD | +38.1% |
| 1979 | 2.46 billion current USD | +16.0% |
| 1980 | 2.76 billion current USD | +12.2% |
| 1981 | 2.66 billion current USD | -3.4% |
| 1982 | 2.25 billion current USD | -15.6% |
| 1983 | 2.17 billion current USD | -3.5% |
| 1984 | 2.42 billion current USD | +11.6% |
| 1985 | 2.36 billion current USD | -2.6% |
| 1986 | 2.47 billion current USD | +4.5% |
| 1987 | 2.48 billion current USD | +0.4% |
| 1988 | 2.78 billion current USD | +12.3% |
| 1989 | 2.43 billion current USD | -12.6% |
| 1990 | 4.76 billion current USD | +95.9% |
| 1991 | 3.52 billion current USD | -26.0% |
| 1992 | 2.15 billion current USD | -39.1% |
| 1993 | 2.55 billion current USD | +18.8% |
| 1994 | 1.62 billion current USD | -36.4% |
| 1995 | 1.47 billion current USD | -9.1% |
| 1996 | 1.70 billion current USD | +15.4% |
| 1997 | 1.81 billion current USD | +6.7% |
| 1998 | 2.29 billion current USD | +26.1% |
| 1999 | 2.89 billion current USD | +26.2% |
| 2000 | 2.82 billion current USD | -2.2% |
| 2001 | 2.33 billion current USD | -17.6% |
| 2002 | 2.38 billion current USD | +2.4% |
| 2003 | 2.85 billion current USD | +19.5% |
| 2004 | 3.94 billion current USD | +38.5% |
| 2005 | 4.04 billion current USD | +2.3% |
| 2006 | 4.87 billion current USD | +20.8% |
| 2007 | 6.27 billion current USD | +28.7% |
| 2008 | 8.22 billion current USD | +30.9% |
| 2009 | 7.87 billion current USD | -4.2% |
| 2010 | 5.42 billion current USD | -31.1% |
| 2011 | 5.45 billion current USD | +0.6% |
| 2012 | 5.52 billion current USD | +1.2% |
| 2013 | 6.92 billion current USD | +25.3% |
| 2014 | 7.51 billion current USD | +8.6% |
| 2015 | 8.71 billion current USD | +16.0% |
| 2016 | 9.91 billion current USD | +13.7% |
| 2017 | 11.69 billion current USD | +18.0% |
| 2018 | 9.01 billion current USD | -22.9% |
| 2019 | 9.08 billion current USD | +0.7% |
| 2020 | 10.21 billion current USD | +12.5% |
| 2021 | 11.35 billion current USD | +11.2% |
| 2022 | 11.33 billion current USD | -0.2% |
| 2023 | 12.84 billion current USD | +13.3% |
| 2024 | 13.44 billion current USD | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 360.23 million current USD | 326.48 million current USD | 393.98 million current USD | 2 |
| 1970s | 1.18 billion current USD | 503.52 million current USD | 2.46 billion current USD | 10 |
| 1980s | 2.48 billion current USD | 2.17 billion current USD | 2.78 billion current USD | 10 |
| 1990s | 2.48 billion current USD | 1.47 billion current USD | 4.76 billion current USD | 10 |
| 2000s | 4.56 billion current USD | 2.33 billion current USD | 8.22 billion current USD | 10 |
| 2010s | 7.92 billion current USD | 5.42 billion current USD | 11.69 billion current USD | 10 |
| 2020s | 11.84 billion current USD | 10.21 billion current USD | 13.44 billion current USD | 5 |
Countries ranked near Heavily indebted poor countries (HIPC)
- 38 Switzerland 6.72 billion current USD compare
- 39 Czechia 6.52 billion current USD compare
- 40 Iraq 6.18 billion current USD compare
- 41 Philippines 6.12 billion current USD compare
- 42 Oman 5.99 billion current USD compare
- 43 Thailand 5.52 billion current USD compare
- 44 Morocco 5.52 billion current USD compare
More public sector data for Heavily indebted poor countries (HIPC)
- Arms imports 387.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.4116 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 -31.02 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 387.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 14.3 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0117 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.7 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 13.44 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 28.9 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Heavily indebted poor countries (HIPC)?
- Military expenditure in Heavily indebted poor countries (HIPC) was 13.44 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 Heavily indebted poor countries (HIPC)?
- The highest recorded value was 13.44 billion current USD in 2024.
- What is the lowest military expenditure recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 326.48 million current USD in 1968.
- How does Heavily indebted poor countries (HIPC) rank for military expenditure?
- Heavily indebted poor countries (HIPC) ranks 41st out of 44 groups with data for 2024.
- Is military expenditure rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is up 79.0%. The long-run trend across the full record is volatile.
- Where does this Heavily indebted poor countries (HIPC) 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)