Military expenditure (current USD) in High income
High income: Military expenditure was 1.96 trillion current USD in 2024. ◆ Volatile
Latest (2024)
1.96 trillion current USD
Change on year
up 13.0%
Rank
2nd
of 44 groups
All-time high
1.96 trillion current USD
in 2024
All-time low
69.79 billion current USD
in 1960
Years of data
65
1960–2024
Military expenditure in High income, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in High income is 1.96 trillion current USD, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 13.0% on the previous year and up 49.7% over ten years.
Over the whole period, military expenditure in High income peaked at 1.96 trillion current USD in 2024 and was at its lowest, 69.79 billion current USD, in 1960.
That places High income 2nd out of 44 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in High income, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 69.79 billion current USD | — |
| 1961 | 73.82 billion current USD | +5.8% |
| 1962 | 81.27 billion current USD | +10.1% |
| 1963 | 83.31 billion current USD | +2.5% |
| 1964 | 83.77 billion current USD | +0.6% |
| 1965 | 86.54 billion current USD | +3.3% |
| 1966 | 100.66 billion current USD | +16.3% |
| 1967 | 114.99 billion current USD | +14.2% |
| 1968 | 121.98 billion current USD | +6.1% |
| 1969 | 124.93 billion current USD | +2.4% |
| 1970 | 127.26 billion current USD | +1.9% |
| 1971 | 127.46 billion current USD | +0.2% |
| 1972 | 138.63 billion current USD | +8.8% |
| 1973 | 151.00 billion current USD | +8.9% |
| 1974 | 167.29 billion current USD | +10.8% |
| 1975 | 181.54 billion current USD | +8.5% |
| 1976 | 187.56 billion current USD | +3.3% |
| 1977 | 220.74 billion current USD | +17.7% |
| 1978 | 243.40 billion current USD | +10.3% |
| 1979 | 272.09 billion current USD | +11.8% |
| 1980 | 312.62 billion current USD | +14.9% |
| 1981 | 344.36 billion current USD | +10.2% |
| 1982 | 392.88 billion current USD | +14.1% |
| 1983 | 386.20 billion current USD | -1.7% |
| 1984 | 404.96 billion current USD | +4.9% |
| 1985 | 430.99 billion current USD | +6.4% |
| 1986 | 471.48 billion current USD | +9.4% |
| 1987 | 529.70 billion current USD | +12.3% |
| 1988 | 561.74 billion current USD | +6.0% |
| 1989 | 574.78 billion current USD | +2.3% |
| 1990 | 623.96 billion current USD | +8.6% |
| 1991 | 611.56 billion current USD | -2.0% |
| 1992 | 637.76 billion current USD | +4.3% |
| 1993 | 618.81 billion current USD | -3.0% |
| 1994 | 624.15 billion current USD | +0.9% |
| 1995 | 631.71 billion current USD | +1.2% |
| 1996 | 622.53 billion current USD | -1.5% |
| 1997 | 618.24 billion current USD | -0.7% |
| 1998 | 600.27 billion current USD | -2.9% |
| 1999 | 608.35 billion current USD | +1.3% |
| 2000 | 624.89 billion current USD | +2.7% |
| 2001 | 632.66 billion current USD | +1.2% |
| 2002 | 694.62 billion current USD | +9.8% |
| 2003 | 808.15 billion current USD | +16.3% |
| 2004 | 907.68 billion current USD | +12.3% |
| 2005 | 972.16 billion current USD | +7.1% |
| 2006 | 1.02 trillion current USD | +5.2% |
| 2007 | 1.12 trillion current USD | +9.2% |
| 2008 | 1.24 trillion current USD | +11.2% |
| 2009 | 1.27 trillion current USD | +2.5% |
| 2010 | 1.32 trillion current USD | +3.9% |
| 2011 | 1.38 trillion current USD | +4.7% |
| 2012 | 1.36 trillion current USD | -1.6% |
| 2013 | 1.33 trillion current USD | -2.5% |
| 2014 | 1.31 trillion current USD | -1.3% |
| 2015 | 1.21 trillion current USD | -7.4% |
| 2016 | 1.21 trillion current USD | -0.5% |
| 2017 | 1.24 trillion current USD | +2.7% |
| 2018 | 1.31 trillion current USD | +5.6% |
| 2019 | 1.36 trillion current USD | +3.9% |
| 2020 | 1.43 trillion current USD | +5.0% |
| 2021 | 1.53 trillion current USD | +6.8% |
| 2022 | 1.61 trillion current USD | +5.5% |
| 2023 | 1.74 trillion current USD | +8.0% |
| 2024 | 1.96 trillion current USD | +13.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 94.11 billion current USD | 69.79 billion current USD | 124.93 billion current USD | 10 |
| 1970s | 181.70 billion current USD | 127.26 billion current USD | 272.09 billion current USD | 10 |
| 1980s | 440.97 billion current USD | 312.62 billion current USD | 574.78 billion current USD | 10 |
| 1990s | 619.74 billion current USD | 600.27 billion current USD | 637.76 billion current USD | 10 |
| 2000s | 929.37 billion current USD | 624.89 billion current USD | 1.27 trillion current USD | 10 |
| 2010s | 1.30 trillion current USD | 1.21 trillion current USD | 1.38 trillion current USD | 10 |
| 2020s | 1.65 trillion current USD | 1.43 trillion current USD | 1.96 trillion current USD | 5 |
Countries ranked near High income
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in High income?
- Military expenditure in High income was 1.96 trillion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in High income?
- The highest recorded value was 1.96 trillion current USD in 2024.
- What is the lowest military expenditure recorded in High income?
- The lowest recorded value was 69.79 billion current USD in 1960.
- How does High income rank for military expenditure?
- High income ranks 2nd out of 44 groups with data for 2024.
- Is military expenditure rising or falling in High income?
- Over the last ten years it is up 49.7%. The long-run trend across the full record is volatile.
- Where does this High income 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)