Military expenditure (current USD) in Lower middle income
Lower middle income: Military expenditure was 127.03 billion current USD in 2024. ◆ Volatile
Latest (2024)
127.03 billion current USD
Change on year
up 4.4%
Rank
22nd
of 44 groups
All-time high
127.03 billion current USD
in 2024
All-time low
1.32 billion current USD
in 1961
Years of data
65
1960–2024
Military expenditure in Lower middle income, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Lower middle income recorded 127.03 billion current USD for military expenditure in 2024. That is the highest value across all 65 years on record.
That represents a change of up 4.4% on the previous year and up 33.9% over ten years.
Over the whole period, military expenditure in Lower middle income peaked at 127.03 billion current USD in 2024 and was at its lowest, 1.32 billion current USD, in 1961.
Lower middle income ranks 22nd of 44 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Lower middle income, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 1.35 billion current USD | — |
| 1961 | 1.32 billion current USD | -1.9% |
| 1962 | 2.01 billion current USD | +51.9% |
| 1963 | 2.92 billion current USD | +45.5% |
| 1964 | 3.25 billion current USD | +11.2% |
| 1965 | 3.70 billion current USD | +13.9% |
| 1966 | 3.34 billion current USD | -9.6% |
| 1967 | 3.34 billion current USD | +0.0% |
| 1968 | 3.85 billion current USD | +15.2% |
| 1969 | 4.59 billion current USD | +19.1% |
| 1970 | 5.09 billion current USD | +10.8% |
| 1971 | 5.91 billion current USD | +16.3% |
| 1972 | 6.10 billion current USD | +3.2% |
| 1973 | 6.67 billion current USD | +9.3% |
| 1974 | 8.55 billion current USD | +28.3% |
| 1975 | 11.32 billion current USD | +32.3% |
| 1976 | 11.47 billion current USD | +1.4% |
| 1977 | 13.41 billion current USD | +16.9% |
| 1978 | 14.84 billion current USD | +10.7% |
| 1979 | 15.04 billion current USD | +1.4% |
| 1980 | 16.82 billion current USD | +11.8% |
| 1981 | 17.23 billion current USD | +2.4% |
| 1982 | 17.99 billion current USD | +4.4% |
| 1983 | 19.76 billion current USD | +9.8% |
| 1984 | 19.70 billion current USD | -0.3% |
| 1985 | 20.17 billion current USD | +2.4% |
| 1986 | 22.43 billion current USD | +11.2% |
| 1987 | 24.06 billion current USD | +7.2% |
| 1988 | 24.90 billion current USD | +3.5% |
| 1989 | 23.97 billion current USD | -3.8% |
| 1990 | 24.29 billion current USD | +1.3% |
| 1991 | 20.26 billion current USD | -16.6% |
| 1992 | 20.67 billion current USD | +2.0% |
| 1993 | 22.75 billion current USD | +10.1% |
| 1994 | 23.08 billion current USD | +1.4% |
| 1995 | 26.21 billion current USD | +13.6% |
| 1996 | 26.92 billion current USD | +2.7% |
| 1997 | 29.79 billion current USD | +10.7% |
| 1998 | 30.70 billion current USD | +3.0% |
| 1999 | 34.14 billion current USD | +11.2% |
| 2000 | 36.46 billion current USD | +6.8% |
| 2001 | 37.89 billion current USD | +3.9% |
| 2002 | 39.97 billion current USD | +5.5% |
| 2003 | 55.03 billion current USD | +37.7% |
| 2004 | 66.14 billion current USD | +20.2% |
| 2005 | 74.80 billion current USD | +13.1% |
| 2006 | 45.62 billion current USD | -39.0% |
| 2007 | 52.40 billion current USD | +14.9% |
| 2008 | 62.21 billion current USD | +18.7% |
| 2009 | 67.05 billion current USD | +7.8% |
| 2010 | 77.59 billion current USD | +15.7% |
| 2011 | 82.96 billion current USD | +6.9% |
| 2012 | 87.34 billion current USD | +5.3% |
| 2013 | 91.87 billion current USD | +5.2% |
| 2014 | 94.89 billion current USD | +3.3% |
| 2015 | 90.81 billion current USD | -4.3% |
| 2016 | 95.68 billion current USD | +5.4% |
| 2017 | 105.28 billion current USD | +10.0% |
| 2018 | 107.70 billion current USD | +2.3% |
| 2019 | 109.83 billion current USD | +2.0% |
| 2020 | 112.54 billion current USD | +2.5% |
| 2021 | 121.64 billion current USD | +8.1% |
| 2022 | 121.81 billion current USD | +0.1% |
| 2023 | 121.70 billion current USD | -0.1% |
| 2024 | 127.03 billion current USD | +4.4% |
Biggest year-on-year movements
Years where Military expenditure in Lower middle income changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | +51.9% | 1.32 billion current USD | 2.01 billion current USD |
| 2006 | -39.0% | 74.80 billion current USD | 45.62 billion current USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.97 billion current USD | 1.32 billion current USD | 4.59 billion current USD | 10 |
| 1970s | 9.84 billion current USD | 5.09 billion current USD | 15.04 billion current USD | 10 |
| 1980s | 20.70 billion current USD | 16.82 billion current USD | 24.90 billion current USD | 10 |
| 1990s | 25.88 billion current USD | 20.26 billion current USD | 34.14 billion current USD | 10 |
| 2000s | 53.76 billion current USD | 36.46 billion current USD | 74.80 billion current USD | 10 |
| 2010s | 94.39 billion current USD | 77.59 billion current USD | 109.83 billion current USD | 10 |
| 2020s | 120.95 billion current USD | 112.54 billion current USD | 127.03 billion current USD | 5 |
Countries ranked near Lower middle income
- 19 Netherlands 23.18 billion current USD compare
- 20 United Arab Emirates 22.76 billion current USD compare
- 21 Algeria 21.81 billion current USD compare
- 22 Brazil 20.95 billion current USD compare
- 23 Mexico 16.73 billion current USD compare
- 24 Qatar 15.41 billion current USD compare
- 25 Colombia 15.10 billion current USD compare
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Lower middle income?
- Military expenditure in Lower middle income was 127.03 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 Lower middle income?
- The highest recorded value was 127.03 billion current USD in 2024.
- What is the lowest military expenditure recorded in Lower middle income?
- The lowest recorded value was 1.32 billion current USD in 1961.
- How does Lower middle income rank for military expenditure?
- Lower middle income ranks 22nd out of 44 groups with data for 2024.
- Is military expenditure rising or falling in Lower middle income?
- Over the last ten years it is up 33.9%. The long-run trend across the full record is volatile.
- Where does this Lower middle 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.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)