Military expenditure in dollars — all countries

Military expenditure in dollars — North America

Military expenditure in dollars in North America in 2024 — 1,026,655,897,810 US$. Since 1960, the indicator has risen by 1,993.1%.

2024 1.03T US$ +8.84% vs 2023
World rank
Period maximum 1.03T US$2024
Period minimum 49.05B US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — North America, 1960–20240500B1T1.5T19601967197419811988199520022009201620231960: 49,048,995,382 US$1962: 56,322,256,358 US$1964: 55,089,784,341 US$1966: 68,057,174,354 US$1968: 86,126,297,035 US$1970: 85,297,150,923 US$1972: 82,941,807,997 US$1974: 92,088,385,869 US$1976: 98,297,056,815 US$1978: 117,351,222,226 US$1980: 148,432,757,124 US$1982: 227,690,864,040 US$1984: 252,498,964,052 US$1986: 303,326,360,543 US$1988: 319,558,604,985 US$1990: 336,543,945,833 US$1992: 335,822,539,079 US$1994: 317,661,377,640 US$1996: 296,576,553,150 US$1998: 298,744,663,072 US$2000: 328,385,709,442 US$2002: 386,958,538,035 US$2004: 504,335,865,990 US$2006: 573,144,892,803 US$2008: 676,098,058,405 US$2010: 757,320,688,825 US$2012: 745,657,107,111 US$2014: 665,642,640,478 US$2016: 657,639,218,543 US$2018: 705,220,727,580 US$2020: 801,479,974,049 US$2022: 886,260,143,876 US$2024: 1,026,655,897,810 US$
Change over the period: +978B (+1,993.12%) Average annual rate: 4.87 %

Comparison, 2024

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

North America 1.03T US$
World 2.65T US$
Military expenditure in dollars — North America, by year North America All countries CSV XLSX
Year US$ Change Change, %
2024 1.03T +83.41B +8.84%
2023 943B +56.98B +6.43%
2022 886B +54.67B +6.57%
2021 832B +30.11B +3.76%
2020 801B +44.74B +5.91%
2019 757B +51.52B +7.31%
2018 705B +36.2B +5.41%
2017 669B +11.38B +1.73%
2016 658B +5.87B +0.9%
2015 652B −13.88B −2.08%
2014 666B −32.1B −4.6%
2013 698B −47.91B −6.43%
2012 746B −28.02B −3.62%
2011 774B +16.36B +2.16%
2010 757B +32.47B +4.48%
2009 725B +48.76B +7.21%
2008 676B +69.09B +11.38%
2007 607B +33.86B +5.91%
2006 573B +26.95B +4.93%
2005 546B +41.86B +8.3%
2004 504B +53.85B +11.95%
2003 450B +63.53B +16.42%
2002 387B +46.78B +13.75%
2001 340B +11.8B +3.59%
2000 328B +22.08B +7.21%
1999 306B +7.56B +2.53%
1998 299B −2.37B −0.79%
1997 301B +4.54B +1.53%
1996 297B −8.45B −2.77%
1995 305B −12.63B −3.98%
1994 318B −9.33B −2.85%
1993 327B −8.83B −2.63%
1992 336B +25.11B +8.08%
1991 311B −25.83B −7.68%
1990 337B +3.93B +1.18%
1989 333B +13.06B +4.09%
1988 320B +6.78B +2.17%
1987 313B +9.45B +3.12%
1986 303B +23.7B +8.48%
1985 280B +27.12B +10.74%
1984 252B +22.12B +9.6%
1983 230B +2.68B +1.18%
1982 228B +45.99B +25.31%
1981 182B +33.27B +22.41%
1980 148B +17.47B +13.34%
1979 131B +13.61B +11.6%
1978 117B +8.93B +8.24%
1977 108B +10.12B +10.3%
1976 98.3B +3.04B +3.19%
1975 95.26B +3.17B +3.45%
1974 92.09B +8.26B +9.85%
1973 83.83B +891M +1.07%
1972 82.94B +2.63B +3.27%
1971 80.32B −4.98B −5.84%
1970 85.3B −1.46B −1.69%
1969 86.76B +634M +0.74%
1968 86.13B +5.95B +7.42%
1967 80.17B +12.12B +17.8%
1966 68.06B +11.92B +21.24%
1965 56.14B +1.05B +1.9%
1964 55.09B −1.08B −1.93%
1963 56.17B −151M −0.27%
1962 56.32B +4.76B +9.24%
1961 51.56B +2.51B +5.11%
1960 49.05B

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.