Military expenditure (current USD) in Italy
Italy: Military expenditure was 37.96 billion current USD in 2024. ◆ Volatile
Latest (2024)
37.96 billion current USD
Change on year
up 2.8%
World rank
14th
of 168 countries
All-time high
37.96 billion current USD
in 2024
All-time low
1.01 billion current USD
in 1960
Years of data
65
1960–2024
Military expenditure in Italy, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Italy stood at 37.96 billion current USD. That is the highest value across all 65 years on record.
The figure is up 2.8% on the previous year and up 37.1% over ten years.
Over the whole period, military expenditure in Italy peaked at 37.96 billion current USD in 2024 and was at its lowest, 1.01 billion current USD, in 1960.
Italy ranks 14th of 168 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Italy, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 1.01 billion current USD | — |
| 1961 | 1.06 billion current USD | +5.3% |
| 1962 | 1.22 billion current USD | +15.0% |
| 1963 | 1.46 billion current USD | +19.7% |
| 1964 | 1.59 billion current USD | +8.4% |
| 1965 | 1.72 billion current USD | +8.4% |
| 1966 | 1.90 billion current USD | +10.7% |
| 1967 | 1.93 billion current USD | +1.3% |
| 1968 | 1.99 billion current USD | +3.2% |
| 1969 | 2.00 billion current USD | +0.6% |
| 1970 | 2.22 billion current USD | +10.6% |
| 1971 | 2.65 billion current USD | +19.5% |
| 1972 | 3.29 billion current USD | +24.2% |
| 1973 | 3.64 billion current USD | +10.6% |
| 1974 | 3.89 billion current USD | +6.9% |
| 1975 | 4.22 billion current USD | +8.4% |
| 1976 | 3.84 billion current USD | -8.8% |
| 1977 | 4.56 billion current USD | +18.5% |
| 1978 | 5.54 billion current USD | +21.6% |
| 1979 | 6.90 billion current USD | +24.6% |
| 1980 | 7.92 billion current USD | +14.7% |
| 1981 | 7.39 billion current USD | -6.7% |
| 1982 | 8.06 billion current USD | +9.1% |
| 1983 | 8.41 billion current USD | +4.3% |
| 1984 | 8.30 billion current USD | -1.3% |
| 1985 | 8.25 billion current USD | -0.5% |
| 1986 | 11.94 billion current USD | +44.7% |
| 1987 | 15.65 billion current USD | +31.1% |
| 1988 | 17.40 billion current USD | +11.2% |
| 1989 | 17.68 billion current USD | +1.6% |
| 1990 | 20.73 billion current USD | +17.3% |
| 1991 | 21.59 billion current USD | +4.1% |
| 1992 | 22.18 billion current USD | +2.7% |
| 1993 | 18.24 billion current USD | -17.7% |
| 1994 | 18.06 billion current USD | -1.0% |
| 1995 | 17.19 billion current USD | -4.9% |
| 1996 | 20.79 billion current USD | +21.0% |
| 1997 | 20.16 billion current USD | -3.1% |
| 1998 | 20.83 billion current USD | +3.3% |
| 1999 | 21.02 billion current USD | +0.9% |
| 2000 | 19.88 billion current USD | -5.4% |
| 2001 | 19.52 billion current USD | -1.8% |
| 2002 | 21.61 billion current USD | +10.7% |
| 2003 | 26.82 billion current USD | +24.1% |
| 2004 | 30.26 billion current USD | +12.8% |
| 2005 | 29.74 billion current USD | -1.7% |
| 2006 | 29.63 billion current USD | -0.4% |
| 2007 | 31.98 billion current USD | +7.9% |
| 2008 | 36.84 billion current USD | +15.2% |
| 2009 | 34.05 billion current USD | -7.6% |
| 2010 | 32.02 billion current USD | -6.0% |
| 2011 | 33.83 billion current USD | +5.6% |
| 2012 | 29.78 billion current USD | -12.0% |
| 2013 | 29.96 billion current USD | +0.6% |
| 2014 | 27.70 billion current USD | -7.5% |
| 2015 | 22.18 billion current USD | -19.9% |
| 2016 | 25.03 billion current USD | +12.9% |
| 2017 | 26.45 billion current USD | +5.7% |
| 2018 | 28.42 billion current USD | +7.5% |
| 2019 | 26.38 billion current USD | -7.2% |
| 2020 | 32.93 billion current USD | +24.8% |
| 2021 | 36.23 billion current USD | +10.0% |
| 2022 | 34.69 billion current USD | -4.3% |
| 2023 | 36.93 billion current USD | +6.5% |
| 2024 | 37.96 billion current USD | +2.8% |
Italy compared with similar countries
- Italy's 37.96 billion current USD is above the median for high income countries, which is 6.62 billion current USD, 5.7× the median. (54 countries reporting)
- Italy's 37.96 billion current USD is above the median for Europe & Central Asia, which is 2.63 billion current USD, 14.4× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.59 billion current USD | 1.01 billion current USD | 2.00 billion current USD | 10 |
| 1970s | 4.07 billion current USD | 2.22 billion current USD | 6.90 billion current USD | 10 |
| 1980s | 11.10 billion current USD | 7.39 billion current USD | 17.68 billion current USD | 10 |
| 1990s | 20.08 billion current USD | 17.19 billion current USD | 22.18 billion current USD | 10 |
| 2000s | 28.03 billion current USD | 19.52 billion current USD | 36.84 billion current USD | 10 |
| 2010s | 28.18 billion current USD | 22.18 billion current USD | 33.83 billion current USD | 10 |
| 2020s | 35.75 billion current USD | 32.93 billion current USD | 37.96 billion current USD | 5 |
Countries ranked near Italy
More public sector data for Italy
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Italy?
- Military expenditure in Italy was 37.96 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 Italy?
- The highest recorded value was 37.96 billion current USD in 2024.
- What is the lowest military expenditure recorded in Italy?
- The lowest recorded value was 1.01 billion current USD in 1960.
- How does Italy rank for military expenditure?
- Italy ranks 14th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Italy?
- Over the last ten years it is up 37.1%. The long-run trend across the full record is volatile.
- Where does this Italy 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)