Military expenditure in OECD members
OECD members: Military expenditure was 1.73 trillion current USD in 2024. ◆ Volatile
Military expenditure in OECD members, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in OECD members stood at 1.73 trillion current USD. That is the highest value across all 65 years on record.
The figure is up 12.5% on the previous year and up 54.6% over ten years.
Over the whole period, military expenditure in OECD members peaked at 1.73 trillion current USD in 2024 and was at its lowest, 69.53 billion current USD, in 1960.
That places OECD members 3rd out of 45 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 93.58 billion current USD | 69.53 billion current USD | 124.03 billion current USD | 10 |
| 1970s | 177.32 billion current USD | 125.98 billion current USD | 255.19 billion current USD | 10 |
| 1980s | 419.22 billion current USD | 291.37 billion current USD | 548.04 billion current USD | 10 |
| 1990s | 581.31 billion current USD | 559.84 billion current USD | 608.47 billion current USD | 10 |
| 2000s | 861.05 billion current USD | 585.02 billion current USD | 1.16 trillion current USD | 10 |
| 2010s | 1.15 trillion current USD | 1.05 trillion current USD | 1.24 trillion current USD | 10 |
| 2020s | 1.47 trillion current USD | 1.29 trillion current USD | 1.73 trillion current USD | 5 |
Countries ranked near OECD members
More public sector data for OECD members
- Arms imports 11.87 billion SIPRI trend indicator values (2024)
- Tax revenue 15.7% (2024)
- Taxes on income, profits and capital gains 27.5% (2024)
- Taxes on goods and services 28.3% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -4.6% (2024)
- Interest payments 4.5% (2024)
- Grants and other revenue 10.6% (2024)
- Interest payments 4.6% (2023)
- Other taxes 1.7% (2024)
Frequently asked questions
- What is military expenditure in OECD members?
- Military expenditure in OECD members was 1.73 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 OECD members?
- The highest recorded value was 1.73 trillion current USD in 2024.
- What is the lowest military expenditure recorded in OECD members?
- The lowest recorded value was 69.53 billion current USD in 1960.
- How does OECD members rank for military expenditure?
- OECD members ranks 3rd out of 45 groups with data for 2024.
- Is military expenditure rising or falling in OECD members?
- Over the last ten years it is up 54.6%. The long-run trend across the full record is volatile.
- Where does this OECD members 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)