Military expenditure in Post-demographic dividend
Post-demographic dividend: Military expenditure was 1.66 trillion current USD in 2024. ◆ Volatile
Latest (2024)
1.66 trillion current USD
Change on year
up 9.8%
Rank
4th
of 44 groups
All-time high
1.66 trillion current USD
in 2024
All-time low
65.01 billion current USD
in 1960
Years of data
65
1960–2024
Military expenditure in Post-demographic dividend, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in Post-demographic dividend is 1.66 trillion current USD, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 9.8% on the previous year and up 56.3% over ten years.
Over the whole period, military expenditure in Post-demographic dividend peaked at 1.66 trillion current USD in 2024 and was at its lowest, 65.01 billion current USD, in 1960.
Post-demographic dividend ranks 4th of 44 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Post-demographic dividend, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 65.01 billion current USD | — |
| 1961 | 68.50 billion current USD | +5.4% |
| 1962 | 75.51 billion current USD | +10.2% |
| 1963 | 76.89 billion current USD | +1.8% |
| 1964 | 77.04 billion current USD | +0.2% |
| 1965 | 79.28 billion current USD | +2.9% |
| 1966 | 92.71 billion current USD | +16.9% |
| 1967 | 106.43 billion current USD | +14.8% |
| 1968 | 112.25 billion current USD | +5.5% |
| 1969 | 114.05 billion current USD | +1.6% |
| 1970 | 114.95 billion current USD | +0.8% |
| 1971 | 113.69 billion current USD | -1.1% |
| 1972 | 123.30 billion current USD | +8.5% |
| 1973 | 132.77 billion current USD | +7.7% |
| 1974 | 147.93 billion current USD | +11.4% |
| 1975 | 161.39 billion current USD | +9.1% |
| 1976 | 166.03 billion current USD | +2.9% |
| 1977 | 185.20 billion current USD | +11.5% |
| 1978 | 212.76 billion current USD | +14.9% |
| 1979 | 244.56 billion current USD | +14.9% |
| 1980 | 280.06 billion current USD | +14.5% |
| 1981 | 305.76 billion current USD | +9.2% |
| 1982 | 350.53 billion current USD | +14.6% |
| 1983 | 350.79 billion current USD | +0.1% |
| 1984 | 368.85 billion current USD | +5.2% |
| 1985 | 398.62 billion current USD | +8.1% |
| 1986 | 457.87 billion current USD | +14.9% |
| 1987 | 499.43 billion current USD | +9.1% |
| 1988 | 523.67 billion current USD | +4.9% |
| 1989 | 537.69 billion current USD | +2.7% |
| 1990 | 574.97 billion current USD | +6.9% |
| 1991 | 555.43 billion current USD | -3.4% |
| 1992 | 591.00 billion current USD | +6.4% |
| 1993 | 564.55 billion current USD | -4.5% |
| 1994 | 565.62 billion current USD | +0.2% |
| 1995 | 573.90 billion current USD | +1.5% |
| 1996 | 560.94 billion current USD | -2.3% |
| 1997 | 548.01 billion current USD | -2.3% |
| 1998 | 538.25 billion current USD | -1.8% |
| 1999 | 551.38 billion current USD | +2.4% |
| 2000 | 560.86 billion current USD | +1.7% |
| 2001 | 565.09 billion current USD | +0.8% |
| 2002 | 628.04 billion current USD | +11.1% |
| 2003 | 736.38 billion current USD | +17.3% |
| 2004 | 825.66 billion current USD | +12.1% |
| 2005 | 876.83 billion current USD | +6.2% |
| 2006 | 913.46 billion current USD | +4.2% |
| 2007 | 985.09 billion current USD | +7.8% |
| 2008 | 1.09 trillion current USD | +10.2% |
| 2009 | 1.12 trillion current USD | +3.1% |
| 2010 | 1.15 trillion current USD | +2.9% |
| 2011 | 1.19 trillion current USD | +3.5% |
| 2012 | 1.15 trillion current USD | -3.7% |
| 2013 | 1.09 trillion current USD | -5.0% |
| 2014 | 1.06 trillion current USD | -2.7% |
| 2015 | 1.00 trillion current USD | -5.7% |
| 2016 | 1.02 trillion current USD | +1.3% |
| 2017 | 1.04 trillion current USD | +2.3% |
| 2018 | 1.11 trillion current USD | +6.4% |
| 2019 | 1.16 trillion current USD | +5.3% |
| 2020 | 1.23 trillion current USD | +5.9% |
| 2021 | 1.31 trillion current USD | +6.0% |
| 2022 | 1.38 trillion current USD | +5.4% |
| 2023 | 1.51 trillion current USD | +9.9% |
| 2024 | 1.66 trillion current USD | +9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 86.77 billion current USD | 65.01 billion current USD | 114.05 billion current USD | 10 |
| 1970s | 160.26 billion current USD | 113.69 billion current USD | 244.56 billion current USD | 10 |
| 1980s | 407.33 billion current USD | 280.06 billion current USD | 537.69 billion current USD | 10 |
| 1990s | 562.41 billion current USD | 538.25 billion current USD | 591.00 billion current USD | 10 |
| 2000s | 829.60 billion current USD | 560.86 billion current USD | 1.12 trillion current USD | 10 |
| 2010s | 1.10 trillion current USD | 1.00 trillion current USD | 1.19 trillion current USD | 10 |
| 2020s | 1.42 trillion current USD | 1.23 trillion current USD | 1.66 trillion current USD | 5 |
Countries ranked near Post-demographic dividend
- 1 United States 997.31 billion current USD compare
- 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
More public sector data for Post-demographic dividend
- Arms imports 15.20 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.47 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 33.39 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 15.20 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,472 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0261 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 9.78 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.66 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 365.72 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Post-demographic dividend?
- Military expenditure in Post-demographic dividend was 1.66 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 Post-demographic dividend?
- The highest recorded value was 1.66 trillion current USD in 2024.
- What is the lowest military expenditure recorded in Post-demographic dividend?
- The lowest recorded value was 65.01 billion current USD in 1960.
- How does Post-demographic dividend rank for military expenditure?
- Post-demographic dividend ranks 4th out of 44 groups with data for 2024.
- Is military expenditure rising or falling in Post-demographic dividend?
- Over the last ten years it is up 56.3%. The long-run trend across the full record is volatile.
- Where does this Post-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)