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Military expenditure in dollars — all countries

Military expenditure in dollars — Upper-middle-income countries

Military expenditure in dollars in upper-middle-income countries in 2024 — 470,813,545,533 US$. Since 1995, the indicator has risen by 708.3%.

2024 471B US$ +7.65% vs 2023
World rank —
Period maximum 471B US$2024
Period minimum 58.25B US$1995

Trend over time

1995–2024 · US$

Military expenditure in dollars — Upper-middle-income countries, 1995–20240200B400B600B199519982001200420072010201320162019202220241995: 58,246,594,770 US$1996: 62,357,986,688 US$1997: 64,502,457,049 US$1998: 63,049,943,636 US$1999: 63,130,592,708 US$2000: 65,755,314,358 US$2001: 67,854,212,700 US$2002: 70,935,510,746 US$2003: 77,167,072,905 US$2004: 87,103,097,949 US$2005: 100,525,784,375 US$2006: 115,785,514,408 US$2007: 142,055,938,834 US$2008: 173,839,002,905 US$2009: 191,248,745,965 US$2010: 216,460,702,631 US$2011: 248,271,779,162 US$2012: 273,273,974,666 US$2013: 302,892,149,980 US$2014: 318,237,759,647 US$2015: 314,696,712,817 US$2016: 309,505,526,646 US$2017: 332,114,799,602 US$2018: 353,191,716,169 US$2019: 364,244,214,136 US$2020: 369,079,585,984 US$2021: 397,457,182,509 US$2022: 408,589,110,905 US$2023: 437,356,850,528 US$2024: 470,813,545,533 US$
Change over the period: +413B (+708.31%) Average annual rate: 7.47 %

Comparison, 2024

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

Upper-middle-income countries 471B US$
World 2.65T US$
Military expenditure in dollars — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year US$ Change Change, %
2024 471B +33.46B +7.65%
2023 437B +28.77B +7.04%
2022 409B +11.13B +2.8%
2021 397B +28.38B +7.69%
2020 369B +4.84B +1.33%
2019 364B +11.05B +3.13%
2018 353B +21.08B +6.35%
2017 332B +22.61B +7.3%
2016 310B −5.19B −1.65%
2015 315B −3.54B −1.11%
2014 318B +15.35B +5.07%
2013 303B +29.62B +10.84%
2012 273B +25B +10.07%
2011 248B +31.81B +14.7%
2010 216B +25.21B +13.18%
2009 191B +17.41B +10.01%
2008 174B +31.78B +22.37%
2007 142B +26.27B +22.69%
2006 116B +15.26B +15.18%
2005 101B +13.42B +15.41%
2004 87.1B +9.94B +12.88%
2003 77.17B +6.23B +8.78%
2002 70.94B +3.08B +4.54%
2001 67.85B +2.1B +3.19%
2000 65.76B +2.62B +4.16%
1999 63.13B +80.65M +0.13%
1998 63.05B −1.45B −2.25%
1997 64.5B +2.14B +3.44%
1996 62.36B +4.11B +7.06%
1995 58.25B — —

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.

Other indicators for upper-middle-income countries

Defense Military expenditure (% of GDP)

The share of GDP a country spends on defense.

Upper-middle-income countries by year Defense Armed forces personnel

The number of active-duty military personnel and paramilitary forces.

Upper-middle-income countries by year Defense Military expenditure share of the budget

What part of government spending goes to defense.

Upper-middle-income countries by year Defense Armed forces personnel since 1816

A long historical series on the personnel of armies — since 1816, that is, over two centuries.

Upper-middle-income countries by year
All indicators for upper-middle-income countries