Military expenditure in OECD members
OECD members: Military expenditure was 1.73 trillion current USD in 2024. ◆ Volatile
Latest (2024)
1.73 trillion current USD
Change on year
up 12.5%
Rank
3rd
of 44 groups
All-time high
1.73 trillion current USD
in 2024
All-time low
69.53 billion current USD
in 1960
Years of data
65
1960–2024
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 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 OECD members, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 69.53 billion current USD | — |
| 1961 | 73.44 billion current USD | +5.6% |
| 1962 | 80.87 billion current USD | +10.1% |
| 1963 | 82.92 billion current USD | +2.5% |
| 1964 | 83.39 billion current USD | +0.6% |
| 1965 | 86.06 billion current USD | +3.2% |
| 1966 | 100.03 billion current USD | +16.2% |
| 1967 | 114.35 billion current USD | +14.3% |
| 1968 | 121.24 billion current USD | +6.0% |
| 1969 | 124.03 billion current USD | +2.3% |
| 1970 | 125.98 billion current USD | +1.6% |
| 1971 | 126.02 billion current USD | +0.0% |
| 1972 | 136.62 billion current USD | +8.4% |
| 1973 | 149.64 billion current USD | +9.5% |
| 1974 | 167.30 billion current USD | +11.8% |
| 1975 | 182.88 billion current USD | +9.3% |
| 1976 | 189.00 billion current USD | +3.3% |
| 1977 | 209.96 billion current USD | +11.1% |
| 1978 | 230.61 billion current USD | +9.8% |
| 1979 | 255.19 billion current USD | +10.7% |
| 1980 | 291.37 billion current USD | +14.2% |
| 1981 | 318.71 billion current USD | +9.4% |
| 1982 | 363.22 billion current USD | +14.0% |
| 1983 | 362.43 billion current USD | -0.2% |
| 1984 | 380.45 billion current USD | +5.0% |
| 1985 | 409.46 billion current USD | +7.6% |
| 1986 | 469.18 billion current USD | +14.6% |
| 1987 | 512.14 billion current USD | +9.2% |
| 1988 | 537.18 billion current USD | +4.9% |
| 1989 | 548.04 billion current USD | +2.0% |
| 1990 | 589.47 billion current USD | +7.6% |
| 1991 | 573.92 billion current USD | -2.6% |
| 1992 | 608.47 billion current USD | +6.0% |
| 1993 | 583.82 billion current USD | -4.1% |
| 1994 | 582.58 billion current USD | -0.2% |
| 1995 | 591.41 billion current USD | +1.5% |
| 1996 | 581.81 billion current USD | -1.6% |
| 1997 | 567.49 billion current USD | -2.5% |
| 1998 | 559.84 billion current USD | -1.3% |
| 1999 | 574.32 billion current USD | +2.6% |
| 2000 | 585.02 billion current USD | +1.9% |
| 2001 | 587.54 billion current USD | +0.4% |
| 2002 | 651.31 billion current USD | +10.9% |
| 2003 | 761.09 billion current USD | +16.9% |
| 2004 | 853.12 billion current USD | +12.1% |
| 2005 | 907.23 billion current USD | +6.3% |
| 2006 | 946.06 billion current USD | +4.3% |
| 2007 | 1.02 trillion current USD | +8.3% |
| 2008 | 1.13 trillion current USD | +10.4% |
| 2009 | 1.16 trillion current USD | +2.8% |
| 2010 | 1.20 trillion current USD | +3.3% |
| 2011 | 1.24 trillion current USD | +3.5% |
| 2012 | 1.20 trillion current USD | -3.5% |
| 2013 | 1.15 trillion current USD | -4.5% |
| 2014 | 1.12 trillion current USD | -2.4% |
| 2015 | 1.05 trillion current USD | -6.0% |
| 2016 | 1.07 trillion current USD | +1.3% |
| 2017 | 1.09 trillion current USD | +2.6% |
| 2018 | 1.16 trillion current USD | +6.5% |
| 2019 | 1.22 trillion current USD | +5.0% |
| 2020 | 1.29 trillion current USD | +5.7% |
| 2021 | 1.37 trillion current USD | +6.0% |
| 2022 | 1.40 trillion current USD | +2.5% |
| 2023 | 1.54 trillion current USD | +9.5% |
| 2024 | 1.73 trillion current USD | +12.5% |
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)
- Arms imports (SIPRI trend indicator values), per capita 8.5 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 26.58 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.87 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,238 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0253 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.54 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.73 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 265.52 SIPRI trend indicator values per square kilometre (2023)
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 44 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)