Military expenditure (current USD) in Late-demographic dividend
Late-demographic dividend: Military expenditure was 604.82 billion current USD in 2024. ◆ Volatile
Latest (2024)
604.82 billion current USD
Change on year
up 14.9%
Rank
11th
of 44 groups
All-time high
604.82 billion current USD
in 2024
All-time low
36.06 billion current USD
in 1989
Years of data
36
1989–2024
Military expenditure in Late-demographic dividend, 1989–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Late-demographic dividend recorded 604.82 billion current USD for military expenditure in 2024. That is the highest value across all 36 years on record.
That represents a change of up 14.9% on the previous year and up 49.8% over ten years.
Over the whole period, military expenditure in Late-demographic dividend peaked at 604.82 billion current USD in 2024 and was at its lowest, 36.06 billion current USD, in 1989.
Late-demographic dividend ranks 11th 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 Late-demographic dividend, year by year
| Year | current USD | Change |
|---|---|---|
| 1989 | 36.06 billion current USD | — |
| 1990 | 42.80 billion current USD | +18.7% |
| 1991 | 44.90 billion current USD | +4.9% |
| 1992 | 39.52 billion current USD | -12.0% |
| 1993 | 47.11 billion current USD | +19.2% |
| 1994 | 56.75 billion current USD | +20.5% |
| 1995 | 65.44 billion current USD | +15.3% |
| 1996 | 72.37 billion current USD | +10.6% |
| 1997 | 76.85 billion current USD | +6.2% |
| 1998 | 67.68 billion current USD | -11.9% |
| 1999 | 64.36 billion current USD | -4.9% |
| 2000 | 71.96 billion current USD | +11.8% |
| 2001 | 80.17 billion current USD | +11.4% |
| 2002 | 85.86 billion current USD | +7.1% |
| 2003 | 94.81 billion current USD | +10.4% |
| 2004 | 109.80 billion current USD | +15.8% |
| 2005 | 129.43 billion current USD | +17.9% |
| 2006 | 153.72 billion current USD | +18.8% |
| 2007 | 189.03 billion current USD | +23.0% |
| 2008 | 235.99 billion current USD | +24.8% |
| 2009 | 248.03 billion current USD | +5.1% |
| 2010 | 280.73 billion current USD | +13.2% |
| 2011 | 322.47 billion current USD | +14.9% |
| 2012 | 356.58 billion current USD | +10.6% |
| 2013 | 389.36 billion current USD | +9.2% |
| 2014 | 403.82 billion current USD | +3.7% |
| 2015 | 363.28 billion current USD | -10.0% |
| 2016 | 365.95 billion current USD | +0.7% |
| 2017 | 383.98 billion current USD | +4.9% |
| 2018 | 407.50 billion current USD | +6.1% |
| 2019 | 409.64 billion current USD | +0.5% |
| 2020 | 418.54 billion current USD | +2.2% |
| 2021 | 468.31 billion current USD | +11.9% |
| 2022 | 511.89 billion current USD | +9.3% |
| 2023 | 526.41 billion current USD | +2.8% |
| 2024 | 604.82 billion current USD | +14.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 36.06 billion current USD | 36.06 billion current USD | 36.06 billion current USD | 1 |
| 1990s | 57.78 billion current USD | 39.52 billion current USD | 76.85 billion current USD | 10 |
| 2000s | 139.88 billion current USD | 71.96 billion current USD | 248.03 billion current USD | 10 |
| 2010s | 368.33 billion current USD | 280.73 billion current USD | 409.64 billion current USD | 10 |
| 2020s | 506.00 billion current USD | 418.54 billion current USD | 604.82 billion current USD | 5 |
Countries ranked near Late-demographic dividend
- 8 Ukraine 64.70 billion current USD compare
- 9 France 64.67 billion current USD compare
- 10 Japan 55.27 billion current USD compare
- 11 South Korea 47.57 billion current USD compare
- 12 Israel 46.51 billion current USD compare
- 13 Poland 38.00 billion current USD compare
- 14 Italy 37.96 billion current USD compare
More public sector data for Late-demographic dividend
- Arms imports 6.92 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.97 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 -9.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.92 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 259.7 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0202 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.9 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 604.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 172.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Late-demographic dividend?
- Military expenditure in Late-demographic dividend was 604.82 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 Late-demographic dividend?
- The highest recorded value was 604.82 billion current USD in 2024.
- What is the lowest military expenditure recorded in Late-demographic dividend?
- The lowest recorded value was 36.06 billion current USD in 1989.
- How does Late-demographic dividend rank for military expenditure?
- Late-demographic dividend ranks 11th out of 44 groups with data for 2024.
- Is military expenditure rising or falling in Late-demographic dividend?
- Over the last ten years it is up 49.8%. The long-run trend across the full record is volatile.
- Where does this Late-demographic dividend 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)