Military expenditure (current USD) in IDA & IBRD total
IDA & IBRD total: Military expenditure was 894.64 billion current USD in 2024. ◆ Volatile
Latest (2024)
894.64 billion current USD
Change on year
up 12.1%
Rank
6th
of 44 groups
All-time high
894.64 billion current USD
in 2024
All-time low
75.41 billion current USD
in 1987
Years of data
38
1987–2024
Military expenditure in IDA & IBRD total, 1987–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in IDA & IBRD total stood at 894.64 billion current USD. That is the highest value across all 38 years on record.
That represents a change of up 12.1% on the previous year and up 63.1% over ten years.
Over the whole period, military expenditure in IDA & IBRD total peaked at 894.64 billion current USD in 2024 and was at its lowest, 75.41 billion current USD, in 1987.
That places IDA & IBRD total 6th out of 44 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in IDA & IBRD total, year by year
| Year | current USD | Change |
|---|---|---|
| 1987 | 75.41 billion current USD | — |
| 1988 | 82.03 billion current USD | +8.8% |
| 1989 | 90.62 billion current USD | +10.5% |
| 1990 | 93.82 billion current USD | +3.5% |
| 1991 | 90.42 billion current USD | -3.6% |
| 1992 | 95.35 billion current USD | +5.4% |
| 1993 | 91.65 billion current USD | -3.9% |
| 1994 | 103.22 billion current USD | +12.6% |
| 1995 | 114.31 billion current USD | +10.7% |
| 1996 | 124.02 billion current USD | +8.5% |
| 1997 | 132.60 billion current USD | +6.9% |
| 1998 | 123.03 billion current USD | -7.2% |
| 1999 | 125.45 billion current USD | +2.0% |
| 2000 | 134.50 billion current USD | +7.2% |
| 2001 | 142.01 billion current USD | +5.6% |
| 2002 | 142.72 billion current USD | +0.5% |
| 2003 | 169.66 billion current USD | +18.9% |
| 2004 | 199.19 billion current USD | +17.4% |
| 2005 | 232.48 billion current USD | +16.7% |
| 2006 | 232.08 billion current USD | -0.2% |
| 2007 | 281.63 billion current USD | +21.3% |
| 2008 | 343.78 billion current USD | +22.1% |
| 2009 | 359.05 billion current USD | +4.4% |
| 2010 | 402.90 billion current USD | +12.2% |
| 2011 | 455.65 billion current USD | +13.1% |
| 2012 | 495.23 billion current USD | +8.7% |
| 2013 | 534.62 billion current USD | +8.0% |
| 2014 | 548.65 billion current USD | +2.6% |
| 2015 | 522.97 billion current USD | -4.7% |
| 2016 | 526.28 billion current USD | +0.6% |
| 2017 | 563.06 billion current USD | +7.0% |
| 2018 | 581.06 billion current USD | +3.2% |
| 2019 | 587.07 billion current USD | +1.0% |
| 2020 | 594.10 billion current USD | +1.2% |
| 2021 | 642.16 billion current USD | +8.1% |
| 2022 | 724.87 billion current USD | +12.9% |
| 2023 | 798.23 billion current USD | +10.1% |
| 2024 | 894.64 billion current USD | +12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 82.69 billion current USD | 75.41 billion current USD | 90.62 billion current USD | 3 |
| 1990s | 109.39 billion current USD | 90.42 billion current USD | 132.60 billion current USD | 10 |
| 2000s | 223.71 billion current USD | 134.50 billion current USD | 359.05 billion current USD | 10 |
| 2010s | 521.75 billion current USD | 402.90 billion current USD | 587.07 billion current USD | 10 |
| 2020s | 730.80 billion current USD | 594.10 billion current USD | 894.64 billion current USD | 5 |
Countries ranked near IDA & IBRD total
- 3 Russia 148.97 billion current USD compare
- 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
More public sector data for IDA & IBRD total
- Arms imports 13.54 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.96 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 -17.98 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 13.54 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 129.18 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0205 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.08 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 894.64 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 171.81 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in IDA & IBRD total?
- Military expenditure in IDA & IBRD total was 894.64 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 IDA & IBRD total?
- The highest recorded value was 894.64 billion current USD in 2024.
- What is the lowest military expenditure recorded in IDA & IBRD total?
- The lowest recorded value was 75.41 billion current USD in 1987.
- How does IDA & IBRD total rank for military expenditure?
- IDA & IBRD total ranks 6th out of 44 groups with data for 2024.
- Is military expenditure rising or falling in IDA & IBRD total?
- Over the last ten years it is up 63.1%. The long-run trend across the full record is volatile.
- Where does this IDA & IBRD total 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)