Military expenditure in dollars — all countries

Military expenditure in dollars — OECD

Military expenditure in dollars in the OECD in 2024 — 1,728,774,428,176 US$. Since 1960, the indicator has risen by 2,386.3%.

2024 1.73T US$ +12.54% vs 2023
World rank
Period maximum 1.73T US$2024
Period minimum 69.53B US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — OECD, 1960–20240500B1T1.5T2T19601967197419811988199520022009201620231960: 69,532,318,304 US$1962: 80,866,041,100 US$1964: 83,390,648,071 US$1966: 100,027,981,269 US$1968: 121,240,622,334 US$1970: 125,976,068,422 US$1972: 136,615,149,801 US$1974: 167,295,659,574 US$1976: 188,996,022,724 US$1978: 230,612,739,374 US$1980: 291,370,382,157 US$1982: 363,216,570,450 US$1984: 380,446,118,587 US$1986: 469,179,979,622 US$1988: 537,182,455,014 US$1990: 589,465,275,464 US$1992: 608,466,998,617 US$1994: 582,576,529,348 US$1996: 581,810,048,312 US$1998: 559,836,437,383 US$2000: 585,024,835,797 US$2002: 651,308,169,228 US$2004: 853,116,638,154 US$2006: 946,060,652,346 US$2008: 1,131,462,315,432 US$2010: 1,200,634,270,227 US$2012: 1,199,515,207,868 US$2014: 1,118,222,576,937 US$2016: 1,065,396,950,640 US$2018: 1,163,637,612,056 US$2020: 1,290,810,469,756 US$2022: 1,402,804,205,346 US$2024: 1,728,774,428,176 US$
Change over the period: +1.66T (+2,386.29%) Average annual rate: 5.15 %

Comparison, 2024

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

OECD 1.73T US$
World 2.65T US$
Military expenditure in dollars — OECD, by year OECD All countries CSV XLSX
Year US$ Change Change, %
2024 1.73T +193B +12.54%
2023 1.54T +133B +9.51%
2022 1.4T +34.65B +2.53%
2021 1.37T +77.35B +5.99%
2020 1.29T +69.45B +5.69%
2019 1.22T +57.72B +4.96%
2018 1.16T +70.91B +6.49%
2017 1.09T +27.33B +2.57%
2016 1.07T +14.18B +1.35%
2015 1.05T −67.01B −5.99%
2014 1.12T −27.79B −2.43%
2013 1.15T −53.5B −4.46%
2012 1.2T −43.61B −3.51%
2011 1.24T +42.49B +3.54%
2010 1.2T +37.81B +3.25%
2009 1.16T +31.36B +2.77%
2008 1.13T +107B +10.41%
2007 1.02T +78.74B +8.32%
2006 946B +38.83B +4.28%
2005 907B +54.11B +6.34%
2004 853B +92.03B +12.09%
2003 761B +110B +16.86%
2002 651B +63.77B +10.85%
2001 588B +2.52B +0.43%
2000 585B +10.7B +1.86%
1999 574B +14.48B +2.59%
1998 560B −7.65B −1.35%
1997 567B −14.32B −2.46%
1996 582B −9.6B −1.62%
1995 591B +8.83B +1.52%
1994 583B −1.25B −0.21%
1993 584B −24.64B −4.05%
1992 608B +34.55B +6.02%
1991 574B −15.55B −2.64%
1990 589B +41.42B +7.56%
1989 548B +10.86B +2.02%
1988 537B +25.04B +4.89%
1987 512B +42.96B +9.16%
1986 469B +59.72B +14.58%
1985 409B +29.02B +7.63%
1984 380B +18.02B +4.97%
1983 362B −788M −0.22%
1982 363B +44.51B +13.97%
1981 319B +27.34B +9.38%
1980 291B +36.18B +14.18%
1979 255B +24.58B +10.66%
1978 231B +20.65B +9.84%
1977 210B +20.96B +11.09%
1976 189B +6.12B +3.35%
1975 183B +15.58B +9.31%
1974 167B +17.65B +11.8%
1973 150B +13.03B +9.54%
1972 137B +10.59B +8.41%
1971 126B +45.75M +0.04%
1970 126B +1.95B +1.57%
1969 124B +2.78B +2.3%
1968 121B +6.89B +6.02%
1967 114B +14.32B +14.32%
1966 100B +13.97B +16.23%
1965 86.06B +2.67B +3.2%
1964 83.39B +472M +0.57%
1963 82.92B +2.05B +2.54%
1962 80.87B +7.43B +10.12%
1961 73.44B +3.9B +5.61%
1960 69.53B

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.