Military expenditure in dollars — all countries

Military expenditure in dollars — G7

Military expenditure in dollars in the G7 in 2024 — 1,354,791,045,209 US$. Since 1960, the indicator has risen by 2,098.2%.

2024 1.35T US$ +10.11% vs 2023
World rank
Period maximum 1.35T US$2024
Period minimum 61.63B US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — G7, 1960–20240500B1T1.5T19601967197419811988199520022009201620231960: 61,631,461,357 US$1962: 71,490,441,955 US$1964: 72,265,356,175 US$1966: 86,878,797,569 US$1968: 105,178,208,632 US$1970: 106,600,783,755 US$1972: 112,352,730,215 US$1974: 131,658,064,595 US$1976: 144,846,049,050 US$1978: 183,365,958,083 US$1980: 241,627,887,690 US$1982: 313,520,172,153 US$1984: 334,272,728,164 US$1986: 415,004,116,263 US$1988: 466,746,472,483 US$1990: 505,048,642,209 US$1992: 516,813,033,333 US$1994: 490,906,301,797 US$1996: 475,491,791,133 US$1998: 463,330,688,284 US$2000: 487,895,771,654 US$2002: 550,209,390,046 US$2004: 720,322,918,253 US$2006: 790,223,933,868 US$2008: 932,679,846,257 US$2010: 1,003,046,047,059 US$2012: 994,916,865,817 US$2014: 905,040,192,146 US$2016: 868,083,961,584 US$2018: 935,828,692,709 US$2020: 1,050,879,683,225 US$2022: 1,139,050,634,063 US$2024: 1,354,791,045,209 US$
Change over the period: +1.29T (+2,098.21%) Average annual rate: 4.95 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: G7

G7 1.35T US$
World 2.65T US$
Military expenditure in dollars — G7, by year G7 All countries CSV XLSX
Year US$ Change Change, %
2024 1.35T +124B +10.11%
2023 1.23T +91.39B +8.02%
2022 1.14T +37.23B +3.38%
2021 1.1T +50.94B +4.85%
2020 1.05T +60.88B +6.15%
2019 990B +54.17B +5.79%
2018 936B +53.32B +6.04%
2017 883B +14.43B +1.66%
2016 868B +8.22B +0.96%
2015 860B −45.18B −4.99%
2014 905B −31.77B −3.39%
2013 937B −58.11B −5.84%
2012 995B −39.21B −3.79%
2011 1.03T +31.08B +3.1%
2010 1T +27.69B +2.84%
2009 975B +42.67B +4.58%
2008 933B +88.92B +10.54%
2007 844B +53.54B +6.77%
2006 790B +28.24B +3.71%
2005 762B +41.66B +5.78%
2004 720B +76.77B +11.93%
2003 644B +93.35B +16.97%
2002 550B +56.59B +11.46%
2001 494B +5.72B +1.17%
2000 488B +13.47B +2.84%
1999 474B +11.1B +2.39%
1998 463B −4.28B −0.92%
1997 468B −7.88B −1.66%
1996 475B −13.67B −2.79%
1995 489B −1.75B −0.36%
1994 491B −4.43B −0.9%
1993 495B −21.47B −4.15%
1992 517B +31.79B +6.55%
1991 485B −20.03B −3.97%
1990 505B +28.19B +5.91%
1989 477B +10.12B +2.17%
1988 467B +18.49B +4.12%
1987 448B +33.26B +8.01%
1986 415B +51.89B +14.29%
1985 363B +28.84B +8.63%
1984 334B +18.72B +5.93%
1983 316B +2.04B +0.65%
1982 314B +44.95B +16.74%
1981 269B +26.95B +11.15%
1980 242B +31.79B +15.15%
1979 210B +26.48B +14.44%
1978 183B +22.43B +13.94%
1977 161B +16.09B +11.11%
1976 145B +2.66B +1.87%
1975 142B +10.52B +7.99%
1974 132B +12.2B +10.22%
1973 119B +7.1B +6.32%
1972 112B +7.88B +7.55%
1971 104B −2.13B −2%
1970 107B +211M +0.2%
1969 106B +1.21B +1.15%
1968 105B +5.17B +5.17%
1967 100B +13.13B +15.11%
1966 86.88B +12.76B +17.21%
1965 74.12B +1.86B +2.57%
1964 72.27B −364M −0.5%
1963 72.63B +1.14B +1.59%
1962 71.49B +6.54B +10.07%
1961 64.95B +3.32B +5.39%
1960 61.63B

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.