Military expenditure in dollars — all countries

Military expenditure in dollars — China

Military expenditure in dollars in China in 2024 — 313,658,330,217 US$. Ranked 2 in the world out of 151. Since 1989, the indicator has risen by 2,687.7%.

2024 314B US$ +5.67% vs 2023
World rank 2of 151
Period maximum 314B US$2024
Period minimum 9.8B US$1991

Trend over time

1989–2024 · US$

Military expenditure in dollars — China, 1989–20240100B200B300B400B19891993199720012005200920132017202120241989: 11,251,332,630 US$1990: 9,926,349,251 US$1991: 9,802,375,366 US$1992: 12,244,267,842 US$1993: 12,360,225,861 US$1994: 9,867,120,066 US$1995: 12,385,129,475 US$1996: 14,275,400,820 US$1997: 15,699,586,769 US$1998: 17,031,780,200 US$1999: 20,473,915,095 US$2000: 22,237,140,151 US$2001: 26,561,462,998 US$2002: 30,284,127,410 US$2003: 33,144,000,481 US$2004: 37,904,571,827 US$2005: 42,789,953,651 US$2006: 51,453,373,234 US$2007: 62,136,590,755 US$2008: 78,840,802,820 US$2009: 96,601,666,753 US$2010: 105,522,648,102 US$2011: 125,286,373,164 US$2012: 145,127,609,596 US$2013: 164,070,469,322 US$2014: 182,109,204,619 US$2015: 196,538,827,231 US$2016: 198,538,361,428 US$2017: 210,443,034,741 US$2018: 232,530,595,985 US$2019: 240,332,555,458 US$2020: 257,973,429,834 US$2021: 285,930,518,056 US$2022: 291,958,428,460 US$2023: 296,821,377,592 US$2024: 313,658,330,217 US$
Change over the period: +302B (+2,687.74%) Average annual rate: 9.97 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: China

China 314B US$
World 2.65T US$
Upper-middle-income countries computed 471B US$
Military expenditure in dollars — China, by year China All countries CSV XLSX
Year US$ Change Change, %
2024 314B +16.84B +5.67%
2023 297B +4.86B +1.67%
2022 292B +6.03B +2.11%
2021 286B +27.96B +10.84%
2020 258B +17.64B +7.34%
2019 240B +7.8B +3.36%
2018 233B +22.09B +10.5%
2017 210B +11.9B +6%
2016 199B +2B +1.02%
2015 197B +14.43B +7.92%
2014 182B +18.04B +10.99%
2013 164B +18.94B +13.05%
2012 145B +19.84B +15.84%
2011 125B +19.76B +18.73%
2010 106B +8.92B +9.23%
2009 96.6B +17.76B +22.53%
2008 78.84B +16.7B +26.88%
2007 62.14B +10.68B +20.76%
2006 51.45B +8.66B +20.25%
2005 42.79B +4.89B +12.89%
2004 37.9B +4.76B +14.36%
2003 33.14B +2.86B +9.44%
2002 30.28B +3.72B +14.02%
2001 26.56B +4.32B +19.45%
2000 22.24B +1.76B +8.61%
1999 20.47B +3.44B +20.21%
1998 17.03B +1.33B +8.49%
1997 15.7B +1.42B +9.98%
1996 14.28B +1.89B +15.26%
1995 12.39B +2.52B +25.52%
1994 9.87B −2.49B −20.17%
1993 12.36B +116M +0.95%
1992 12.24B +2.44B +24.91%
1991 9.8B −124M −1.25%
1990 9.93B −1.32B −11.78%
1989 11.25B

Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.