Military expenditure in dollars — all countries

Military expenditure in dollars — Lower-middle-income countries

Military expenditure in dollars in lower-middle-income countries in 2024 — 209,684,594,144 US$. Since 1979, the indicator has risen by 925.5%.

2024 210B US$ +3.44% vs 2023
World rank
Period maximum 210B US$2024
Period minimum 20.45B US$1979

Trend over time

1979–2024 · US$

Military expenditure in dollars — Lower-middle-income countries, 1979–20240100B200B300B19791984198919941999200420092014201920241979: 20,446,204,415 US$1980: 22,059,135,814 US$1981: 25,844,909,458 US$1985: 31,593,657,940 US$1986: 34,700,113,715 US$1987: 41,537,445,451 US$1988: 45,826,386,666 US$1989: 41,163,882,778 US$1990: 41,950,904,563 US$1991: 38,937,640,721 US$1992: 41,513,485,241 US$1993: 25,291,955,173 US$1994: 27,471,675,378 US$1995: 31,363,130,035 US$1996: 34,331,911,686 US$1997: 37,733,071,739 US$1998: 38,643,035,100 US$1999: 42,841,473,965 US$2000: 46,841,519,570 US$2001: 49,854,143,652 US$2002: 45,716,693,334 US$2003: 62,484,518,623 US$2004: 74,950,209,059 US$2005: 84,923,533,641 US$2006: 58,107,047,547 US$2007: 67,365,776,579 US$2008: 79,649,011,160 US$2009: 86,517,808,597 US$2010: 98,905,529,759 US$2011: 105,892,675,881 US$2012: 111,934,033,439 US$2013: 112,084,766,621 US$2014: 117,745,394,520 US$2015: 115,913,038,827 US$2016: 122,848,263,553 US$2017: 133,254,076,871 US$2018: 136,507,921,405 US$2019: 128,693,076,246 US$2020: 130,867,014,899 US$2021: 143,333,270,541 US$2022: 178,949,222,331 US$2023: 202,707,013,980 US$2024: 209,684,594,144 US$
Change over the period: +189B (+925.54%) Average annual rate: 5.31 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Lower-middle-income countries

Lower-middle-income countries 210B US$
World 2.65T US$
Military expenditure in dollars — Lower-middle-income countries, by year Lower-middle-income countries All countries CSV XLSX
Year US$ Change Change, %
2024 210B +6.98B +3.44%
2023 203B +23.76B +13.28%
2022 179B +35.62B +24.85%
2021 143B +12.47B +9.53%
2020 131B +2.17B +1.69%
2019 129B −7.81B −5.72%
2018 137B +3.25B +2.44%
2017 133B +10.41B +8.47%
2016 123B +6.94B +5.98%
2015 116B −1.83B −1.56%
2014 118B +5.66B +5.05%
2013 112B +151M +0.13%
2012 112B +6.04B +5.71%
2011 106B +6.99B +7.06%
2010 98.91B +12.39B +14.32%
2009 86.52B +6.87B +8.62%
2008 79.65B +12.28B +18.23%
2007 67.37B +9.26B +15.93%
2006 58.11B −26.82B −31.58%
2005 84.92B +9.97B +13.31%
2004 74.95B +12.47B +19.95%
2003 62.48B +16.77B +36.68%
2002 45.72B −4.14B −8.3%
2001 49.85B +3.01B +6.43%
2000 46.84B +4B +9.34%
1999 42.84B +4.2B +10.86%
1998 38.64B +910M +2.41%
1997 37.73B +3.4B +9.91%
1996 34.33B +2.97B +9.47%
1995 31.36B +3.89B +14.17%
1994 27.47B +2.18B +8.62%
1993 25.29B −16.22B −39.08%
1992 41.51B +2.58B +6.62%
1991 38.94B −3.01B −7.18%
1990 41.95B +787M +1.91%
1989 41.16B −4.66B −10.17%
1988 45.83B +4.29B +10.33%
1987 41.54B +6.84B +19.7%
1986 34.7B +3.11B +9.83%
1985 31.59B
1981 25.84B +3.79B +17.16%
1980 22.06B +1.61B +7.89%
1979 20.45B

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.