Military expenditure in IBRD only
IBRD only: Military expenditure was 854.40 billion current USD in 2024. ◆ Volatile
Latest (2024)
854.40 billion current USD
Change on year
up 12.2%
Rank
7th
of 44 groups
All-time high
854.40 billion current USD
in 2024
All-time low
77.40 billion current USD
in 1991
Years of data
36
1989–2024
Military expenditure in IBRD only, 1989–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in IBRD only is 854.40 billion current USD, measured in 2024. That is the highest value across all 36 years on record.
The figure is up 12.2% on the previous year and up 64.8% over ten years.
Over the whole period, military expenditure in IBRD only peaked at 854.40 billion current USD in 2024 and was at its lowest, 77.40 billion current USD, in 1991.
IBRD only ranks 7th of 44 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 in IBRD only, year by year
| Year | current USD | Change |
|---|---|---|
| 1989 | 82.18 billion current USD | — |
| 1990 | 81.39 billion current USD | -1.0% |
| 1991 | 77.40 billion current USD | -4.9% |
| 1992 | 82.54 billion current USD | +6.6% |
| 1993 | 79.01 billion current USD | -4.3% |
| 1994 | 89.35 billion current USD | +13.1% |
| 1995 | 100.54 billion current USD | +12.5% |
| 1996 | 109.59 billion current USD | +9.0% |
| 1997 | 118.03 billion current USD | +7.7% |
| 1998 | 107.25 billion current USD | -9.1% |
| 1999 | 108.31 billion current USD | +1.0% |
| 2000 | 115.56 billion current USD | +6.7% |
| 2001 | 123.17 billion current USD | +6.6% |
| 2002 | 120.92 billion current USD | -1.8% |
| 2003 | 134.04 billion current USD | +10.8% |
| 2004 | 156.24 billion current USD | +16.6% |
| 2005 | 185.70 billion current USD | +18.9% |
| 2006 | 216.06 billion current USD | +16.3% |
| 2007 | 262.82 billion current USD | +21.6% |
| 2008 | 321.38 billion current USD | +22.3% |
| 2009 | 336.26 billion current USD | +4.6% |
| 2010 | 380.71 billion current USD | +13.2% |
| 2011 | 430.54 billion current USD | +13.1% |
| 2012 | 469.19 billion current USD | +9.0% |
| 2013 | 507.14 billion current USD | +8.1% |
| 2014 | 518.49 billion current USD | +2.2% |
| 2015 | 492.12 billion current USD | -5.1% |
| 2016 | 494.89 billion current USD | +0.6% |
| 2017 | 528.54 billion current USD | +6.8% |
| 2018 | 547.40 billion current USD | +3.6% |
| 2019 | 555.42 billion current USD | +1.5% |
| 2020 | 559.64 billion current USD | +0.8% |
| 2021 | 602.45 billion current USD | +7.6% |
| 2022 | 688.65 billion current USD | +14.3% |
| 2023 | 761.43 billion current USD | +10.6% |
| 2024 | 854.40 billion current USD | +12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 82.18 billion current USD | 82.18 billion current USD | 82.18 billion current USD | 1 |
| 1990s | 95.34 billion current USD | 77.40 billion current USD | 118.03 billion current USD | 10 |
| 2000s | 197.22 billion current USD | 115.56 billion current USD | 336.26 billion current USD | 10 |
| 2010s | 492.44 billion current USD | 380.71 billion current USD | 555.42 billion current USD | 10 |
| 2020s | 693.32 billion current USD | 559.64 billion current USD | 854.40 billion current USD | 5 |
Countries ranked near IBRD only
- 4 Germany 88.46 billion current USD compare
- 5 India 86.13 billion current USD compare
- 6 United Kingdom 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
More public sector data for IBRD only
- Arms imports 11.74 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.36 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 -10.26 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.74 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 171.58 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.021 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.21 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 854.40 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 184.84 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in IBRD only?
- Military expenditure in IBRD only was 854.40 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 IBRD only?
- The highest recorded value was 854.40 billion current USD in 2024.
- What is the lowest military expenditure recorded in IBRD only?
- The lowest recorded value was 77.40 billion current USD in 1991.
- How does IBRD only rank for military expenditure?
- IBRD only ranks 7th out of 44 groups with data for 2024.
- Is military expenditure rising or falling in IBRD only?
- Over the last ten years it is up 64.8%. The long-run trend across the full record is volatile.
- Where does this IBRD only 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)