Military expenditure in dollars — all countries

Military expenditure in dollars — OPEC

Military expenditure in dollars in OPEC in 2024 — 125,138,588,247 US$. Since 1960, the indicator has risen by 18,725%.

2024 125B US$ +3.1% vs 2023
World rank
Period maximum 146B US$2014
Period minimum 499M US$1961

Trend over time

1960–2024 · US$

Military expenditure in dollars — OPEC, 1960–2024050B100B150B19601967197419811988199520022009201620231960: 664,748,523 US$1962: 588,416,819 US$1964: 840,312,766 US$1966: 1,248,938,922 US$1968: 1,903,894,717 US$1970: 2,837,869,543 US$1972: 3,480,836,726 US$1974: 8,377,039,684 US$1976: 12,991,868,333 US$1978: 29,450,232,194 US$1980: 35,523,235,615 US$1982: 42,901,397,627 US$1984: 37,529,885,898 US$1987: 33,224,563,157 US$1989: 33,349,328,365 US$1991: 48,621,965,260 US$1993: 23,733,540,183 US$1995: 22,467,118,449 US$1997: 33,923,291,353 US$1999: 36,369,441,130 US$2001: 45,282,559,198 US$2003: 35,753,148,618 US$2005: 50,378,050,143 US$2007: 69,274,928,112 US$2009: 85,974,679,219 US$2011: 106,277,220,438 US$2013: 138,801,112,477 US$2015: 125,907,442,304 US$2017: 112,334,737,333 US$2019: 97,424,047,140 US$2021: 96,270,468,807 US$2023: 121,372,928,276 US$2024: 125,138,588,247 US$
Change over the period: +124B (+18,724.95%) Average annual rate: 8.53 %

Comparison, 2024

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

OPEC 125B US$
World 2.65T US$
Military expenditure in dollars — OPEC, by year OPEC All countries CSV XLSX
Year US$ Change Change, %
2024 125B +3.77B +3.1%
2023 121B +16.58B +15.82%
2022 105B +8.52B +8.85%
2021 96.27B +3.49B +3.77%
2020 92.78B −4.65B −4.77%
2019 97.42B −14.86B −13.23%
2018 112B −52.97M −0.05%
2017 112B +11.82B +11.76%
2016 101B −25.4B −20.17%
2015 126B −19.8B −13.59%
2014 146B +6.9B +4.97%
2013 139B +16.96B +13.92%
2012 122B +15.57B +14.65%
2011 106B +10.23B +10.65%
2010 96.05B +10.08B +11.72%
2009 85.97B +4B +4.88%
2008 81.97B +12.7B +18.33%
2007 69.27B +10.83B +18.53%
2006 58.45B +8.07B +16.01%
2005 50.38B +7.77B +18.23%
2004 42.61B +6.86B +19.18%
2003 35.75B +1.31B +3.8%
2002 34.44B −10.84B −23.94%
2001 45.28B +3.29B +7.85%
2000 41.99B +5.62B +15.45%
1999 36.37B −2.22B −5.75%
1998 38.59B +4.67B +13.75%
1997 33.92B +10.9B +47.37%
1996 23.02B +552M +2.46%
1995 22.47B +594M +2.72%
1994 21.87B −1.86B −7.84%
1993 23.73B −19.9B −45.6%
1992 43.63B −4.99B −10.27%
1991 48.62B +4.91B +11.24%
1990 43.71B +10.36B +31.07%
1989 33.35B −2.99B −8.24%
1988 36.34B +3.12B +9.39%
1987 33.22B
1985 32.61B −4.92B −13.11%
1984 37.53B −905M −2.36%
1983 38.44B −4.47B −10.41%
1982 42.9B +743M +1.76%
1981 42.16B +6.64B +18.68%
1980 35.52B +4.1B +13.04%
1979 31.42B +1.97B +6.71%
1978 29.45B +2.65B +9.9%
1977 26.8B +13.8B +106.26%
1976 12.99B +1.09B +9.16%
1975 11.9B +3.52B +42.07%
1974 8.38B +3.65B +77.31%
1973 4.72B +1.24B +35.73%
1972 3.48B +657M +23.27%
1971 2.82B −14.07M −0.5%
1970 2.84B +276M +10.78%
1969 2.56B +658M +34.55%
1968 1.9B +313M +19.67%
1967 1.59B +342M +27.39%
1966 1.25B +218M +21.09%
1965 1.03B +191M +22.74%
1964 840M +58.59M +7.5%
1963 782M +193M +32.85%
1962 588M +89.38M +17.91%
1961 499M −166M −24.93%
1960 665M

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.