Military expenditure in dollars — all countries

Military expenditure in dollars — Portugal

Military expenditure in dollars in Portugal in 2024 — 4,641,618,585 US$. Ranked 47 in the world out of 151. Since 1960, the indicator has risen by 5,744.7%.

2024 4.64B US$ +9.57% vs 2023
World rank 47of 151
Period maximum 4.64B US$2024
Period minimum 79.42M US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — Portugal, 1960–202402B4B6B19601967197419811988199520022009201620231960: 79,415,853 US$1962: 150,879,589 US$1964: 169,469,639 US$1966: 194,221,265 US$1968: 280,857,220 US$1970: 329,349,340 US$1972: 447,930,660 US$1974: 746,300,307 US$1976: 470,799,772 US$1978: 470,166,317 US$1980: 655,377,982 US$1982: 606,436,538 US$1984: 474,622,276 US$1986: 706,690,056 US$1988: 1,017,899,064 US$1990: 1,416,083,170 US$1992: 1,912,679,510 US$1994: 1,641,548,411 US$1996: 1,964,184,856 US$1998: 1,763,863,840 US$2000: 1,664,674,243 US$2002: 1,965,227,762 US$2004: 2,847,156,258 US$2006: 3,153,770,788 US$2008: 3,714,798,403 US$2010: 3,540,186,347 US$2012: 3,039,982,320 US$2014: 3,002,398,602 US$2016: 3,178,346,409 US$2018: 3,245,871,841 US$2020: 3,267,981,306 US$2022: 3,566,560,368 US$2024: 4,641,618,585 US$
Change over the period: +4.56B (+5,744.7%) Average annual rate: 6.56 %

Comparison, 2024

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

Portugal 4.64B US$
World 2.65T US$
Southern Europe computed 81.68B US$
Military expenditure in dollars — Portugal, by year Portugal All countries CSV XLSX
Year US$ Change Change, %
2024 4.64B +405M +9.57%
2023 4.24B +670M +18.77%
2022 3.57B −316M −8.14%
2021 3.88B +614M +18.8%
2020 3.27B −31.39M −0.95%
2019 3.3B +53.5M +1.65%
2018 3.25B +526M +19.34%
2017 2.72B −459M −14.43%
2016 3.18B +534M +20.21%
2015 2.64B −359M −11.94%
2014 3B −260M −7.97%
2013 3.26B +222M +7.31%
2012 3.04B −612M −16.76%
2011 3.65B +112M +3.16%
2010 3.54B −198M −5.3%
2009 3.74B +23.52M +0.63%
2008 3.71B +405M +12.25%
2007 3.31B +156M +4.94%
2006 3.15B +11.21M +0.36%
2005 3.14B +295M +10.38%
2004 2.85B +484M +20.47%
2003 2.36B +398M +20.26%
2002 1.97B +210M +11.93%
2001 1.76B +91.04M +5.47%
2000 1.66B −153M −8.4%
1999 1.82B +53.54M +3.04%
1998 1.76B −40.09M −2.22%
1997 1.8B −160M −8.16%
1996 1.96B −52.31M −2.59%
1995 2.02B +375M +22.84%
1994 1.64B −14.03M −0.85%
1993 1.66B −257M −13.44%
1992 1.91B +315M +19.73%
1991 1.6B +181M +12.82%
1990 1.42B +316M +28.74%
1989 1.1B +82.09M +8.06%
1988 1.02B +164M +19.21%
1987 854M +147M +20.82%
1986 707M +213M +43.17%
1985 494M +18.97M +4%
1984 475M −48.7M −9.31%
1983 523M −83.12M −13.71%
1982 606M −30.61M −4.81%
1981 637M −18.33M −2.8%
1980 655M +125M +23.62%
1979 530M +59.97M +12.76%
1978 470M +34.5M +7.92%
1977 436M −35.14M −7.46%
1976 471M −117M −19.94%
1975 588M −158M −21.2%
1974 746M +231M +44.75%
1973 516M +67.64M +15.1%
1972 448M +56.51M +14.44%
1971 391M +62.07M +18.85%
1970 329M +46.21M +16.32%
1969 283M +2.29M +0.81%
1968 281M +29.34M +11.66%
1967 252M +57.3M +29.5%
1966 194M +18.75M +10.68%
1965 175M +6M +3.54%
1964 169M +19.12M +12.71%
1963 150M −526,630 −0.35%
1962 151M +21.59M +16.7%
1961 129M +49.87M +62.8%
1960 79.42M

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.