Military expenditure (current USD) in North America
North America: Military expenditure was 1.03 trillion current USD in 2024. ◆ Volatile
Latest (2024)
1.03 trillion current USD
Change on year
up 8.8%
Rank
5th
of 44 groups
All-time high
1.03 trillion current USD
in 2024
All-time low
49.05 billion current USD
in 1960
Years of data
65
1960–2024
Military expenditure in North America, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
North America recorded 1.03 trillion current USD for military expenditure in 2024. That is the highest value across all 65 years on record.
The figure is up 8.8% on the previous year and up 54.2% over ten years.
Over the whole period, military expenditure in North America peaked at 1.03 trillion current USD in 2024 and was at its lowest, 49.05 billion current USD, in 1960.
That places North America 5th out of 44 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in North America, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 49.05 billion current USD | — |
| 1961 | 51.56 billion current USD | +5.1% |
| 1962 | 56.32 billion current USD | +9.2% |
| 1963 | 56.17 billion current USD | -0.3% |
| 1964 | 55.09 billion current USD | -1.9% |
| 1965 | 56.14 billion current USD | +1.9% |
| 1966 | 68.06 billion current USD | +21.2% |
| 1967 | 80.17 billion current USD | +17.8% |
| 1968 | 86.13 billion current USD | +7.4% |
| 1969 | 86.76 billion current USD | +0.7% |
| 1970 | 85.30 billion current USD | -1.7% |
| 1971 | 80.32 billion current USD | -5.8% |
| 1972 | 82.94 billion current USD | +3.3% |
| 1973 | 83.83 billion current USD | +1.1% |
| 1974 | 92.09 billion current USD | +9.8% |
| 1975 | 95.26 billion current USD | +3.4% |
| 1976 | 98.30 billion current USD | +3.2% |
| 1977 | 108.42 billion current USD | +10.3% |
| 1978 | 117.35 billion current USD | +8.2% |
| 1979 | 130.96 billion current USD | +11.6% |
| 1980 | 148.43 billion current USD | +13.3% |
| 1981 | 181.70 billion current USD | +22.4% |
| 1982 | 227.69 billion current USD | +25.3% |
| 1983 | 230.37 billion current USD | +1.2% |
| 1984 | 252.50 billion current USD | +9.6% |
| 1985 | 279.62 billion current USD | +10.7% |
| 1986 | 303.33 billion current USD | +8.5% |
| 1987 | 312.78 billion current USD | +3.1% |
| 1988 | 319.56 billion current USD | +2.2% |
| 1989 | 332.61 billion current USD | +4.1% |
| 1990 | 336.54 billion current USD | +1.2% |
| 1991 | 310.71 billion current USD | -7.7% |
| 1992 | 335.82 billion current USD | +8.1% |
| 1993 | 326.99 billion current USD | -2.6% |
| 1994 | 317.66 billion current USD | -2.9% |
| 1995 | 305.03 billion current USD | -4.0% |
| 1996 | 296.58 billion current USD | -2.8% |
| 1997 | 301.11 billion current USD | +1.5% |
| 1998 | 298.75 billion current USD | -0.8% |
| 1999 | 306.31 billion current USD | +2.5% |
| 2000 | 328.39 billion current USD | +7.2% |
| 2001 | 340.18 billion current USD | +3.6% |
| 2002 | 386.96 billion current USD | +13.8% |
| 2003 | 450.49 billion current USD | +16.4% |
| 2004 | 504.34 billion current USD | +12.0% |
| 2005 | 546.19 billion current USD | +8.3% |
| 2006 | 573.14 billion current USD | +4.9% |
| 2007 | 607.00 billion current USD | +5.9% |
| 2008 | 676.10 billion current USD | +11.4% |
| 2009 | 724.85 billion current USD | +7.2% |
| 2010 | 757.32 billion current USD | +4.5% |
| 2011 | 773.68 billion current USD | +2.2% |
| 2012 | 745.66 billion current USD | -3.6% |
| 2013 | 697.75 billion current USD | -6.4% |
| 2014 | 665.64 billion current USD | -4.6% |
| 2015 | 651.77 billion current USD | -2.1% |
| 2016 | 657.64 billion current USD | +0.9% |
| 2017 | 669.02 billion current USD | +1.7% |
| 2018 | 705.22 billion current USD | +5.4% |
| 2019 | 756.74 billion current USD | +7.3% |
| 2020 | 801.48 billion current USD | +5.9% |
| 2021 | 831.59 billion current USD | +3.8% |
| 2022 | 886.26 billion current USD | +6.6% |
| 2023 | 943.24 billion current USD | +6.4% |
| 2024 | 1.03 trillion current USD | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 64.54 billion current USD | 49.05 billion current USD | 86.76 billion current USD | 10 |
| 1970s | 97.48 billion current USD | 80.32 billion current USD | 130.96 billion current USD | 10 |
| 1980s | 258.86 billion current USD | 148.43 billion current USD | 332.61 billion current USD | 10 |
| 1990s | 313.55 billion current USD | 296.58 billion current USD | 336.54 billion current USD | 10 |
| 2000s | 513.76 billion current USD | 328.39 billion current USD | 724.85 billion current USD | 10 |
| 2010s | 708.04 billion current USD | 651.77 billion current USD | 773.68 billion current USD | 10 |
| 2020s | 897.85 billion current USD | 801.48 billion current USD | 1.03 trillion current USD | 5 |
Countries ranked near North America
- 2 China 313.66 billion current USD compare
- 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
More public sector data for North America
- Arms imports 1.36 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 56.45 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.36 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,692 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0325 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.84 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.03 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 48.39 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in North America?
- Military expenditure in North America was 1.03 trillion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in North America?
- The highest recorded value was 1.03 trillion current USD in 2024.
- What is the lowest military expenditure recorded in North America?
- The lowest recorded value was 49.05 billion current USD in 1960.
- How does North America rank for military expenditure?
- North America ranks 5th out of 44 groups with data for 2024.
- Is military expenditure rising or falling in North America?
- Over the last ten years it is up 54.2%. The long-run trend across the full record is volatile.
- Where does this North America 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)