Military expenditure (current USD) in Upper middle income
Upper middle income: Military expenditure was 551.35 billion current USD in 2024. ◆ Volatile
Latest (2024)
551.35 billion current USD
Change on year
up 6.7%
Rank
12th
of 44 groups
All-time high
551.35 billion current USD
in 2024
All-time low
51.09 billion current USD
in 1993
Years of data
36
1989–2024
Military expenditure in Upper middle income, 1989–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Upper middle income stood at 551.35 billion current USD. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 6.7% on the previous year and up 61.2% over ten years.
Over the whole period, military expenditure in Upper middle income peaked at 551.35 billion current USD in 2024 and was at its lowest, 51.09 billion current USD, in 1993.
That places Upper middle income 12th out of 44 groups with data for 2024, putting it 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 Upper middle income, year by year
| Year | current USD | Change |
|---|---|---|
| 1989 | 56.23 billion current USD | — |
| 1990 | 58.97 billion current USD | +4.9% |
| 1991 | 59.07 billion current USD | +0.2% |
| 1992 | 64.75 billion current USD | +9.6% |
| 1993 | 51.09 billion current USD | -21.1% |
| 1994 | 54.71 billion current USD | +7.1% |
| 1995 | 64.32 billion current USD | +17.6% |
| 1996 | 70.29 billion current USD | +9.3% |
| 1997 | 73.74 billion current USD | +4.9% |
| 1998 | 72.13 billion current USD | -2.2% |
| 1999 | 72.88 billion current USD | +1.0% |
| 2000 | 77.57 billion current USD | +6.4% |
| 2001 | 81.32 billion current USD | +4.8% |
| 2002 | 77.30 billion current USD | -5.0% |
| 2003 | 85.07 billion current USD | +10.1% |
| 2004 | 96.77 billion current USD | +13.8% |
| 2005 | 112.69 billion current USD | +16.4% |
| 2006 | 131.18 billion current USD | +16.4% |
| 2007 | 160.38 billion current USD | +22.3% |
| 2008 | 195.83 billion current USD | +22.1% |
| 2009 | 213.93 billion current USD | +9.2% |
| 2010 | 240.99 billion current USD | +12.7% |
| 2011 | 274.09 billion current USD | +13.7% |
| 2012 | 302.33 billion current USD | +10.3% |
| 2013 | 328.57 billion current USD | +8.7% |
| 2014 | 341.99 billion current USD | +4.1% |
| 2015 | 339.57 billion current USD | -0.7% |
| 2016 | 336.31 billion current USD | -1.0% |
| 2017 | 361.59 billion current USD | +7.5% |
| 2018 | 381.92 billion current USD | +5.6% |
| 2019 | 381.14 billion current USD | -0.2% |
| 2020 | 386.47 billion current USD | +1.4% |
| 2021 | 418.10 billion current USD | +8.2% |
| 2022 | 464.65 billion current USD | +11.1% |
| 2023 | 516.67 billion current USD | +11.2% |
| 2024 | 551.35 billion current USD | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 56.23 billion current USD | 56.23 billion current USD | 56.23 billion current USD | 1 |
| 1990s | 64.20 billion current USD | 51.09 billion current USD | 73.74 billion current USD | 10 |
| 2000s | 123.20 billion current USD | 77.30 billion current USD | 213.93 billion current USD | 10 |
| 2010s | 328.85 billion current USD | 240.99 billion current USD | 381.92 billion current USD | 10 |
| 2020s | 467.45 billion current USD | 386.47 billion current USD | 551.35 billion current USD | 5 |
Countries ranked near Upper middle income
- 9 France 64.67 billion current USD compare
- 10 Japan 55.27 billion current USD compare
- 11 South Korea 47.57 billion current USD compare
- 12 Israel 46.51 billion current USD compare
- 13 Poland 38.00 billion current USD compare
- 14 Italy 37.96 billion current USD compare
- 15 Australia 33.82 billion current USD compare
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Upper middle income?
- Military expenditure in Upper middle income was 551.35 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 Upper middle income?
- The highest recorded value was 551.35 billion current USD in 2024.
- What is the lowest military expenditure recorded in Upper middle income?
- The lowest recorded value was 51.09 billion current USD in 1993.
- How does Upper middle income rank for military expenditure?
- Upper middle income ranks 12th out of 44 groups with data for 2024.
- Is military expenditure rising or falling in Upper middle income?
- Over the last ten years it is up 61.2%. The long-run trend across the full record is volatile.
- Where does this Upper 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.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)