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China Military Spending/Defense Budget 1989-2024

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
  • China military spending/defense budget for 2021 was $293.35B, a 13.71% increase from 2020.
  • China military spending/defense budget for 2020 was $257.97B, a 7.34% increase from 2019.
  • China military spending/defense budget for 2019 was $240.33B, a 3.36% increase from 2018.
  • China military spending/defense budget for 2018 was $232.53B, a 10.5% increase from 2017.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
China $293.35B
Russia $65.91B
Iran $24.59B
Brazil $19.19B
Turkey $15.48B
Colombia $10.18B
Algeria $9.11B
Mexico $8.68B
Thailand $6.60B
Romania $5.56B
Iraq $4.73B
Malaysia $3.83B
South Africa $3.27B
Azerbaijan $2.70B
Ecuador $2.42B
Peru $2.36B
Jordan $2.18B
Kazakhstan $1.62B
Serbia $1.27B
Bulgaria $1.22B
Belarus $0.76B
Armenia $0.62B
Dominican Republic $0.58B
Botswana $0.52B
Namibia $0.40B
Paraguay $0.37B
Guatemala $0.34B
Gabon $0.31B
Albania $0.24B
North Macedonia $0.21B
Jamaica $0.21B
Bosnia $0.19B
Equatorial Guinea $0.17B
Montenegro $0.10B
Guyana $0.07B
Fiji $0.07B
Belize $0.02B
Mauritius $0.02B
Costa Rica $0.00B
China Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2021 $293.35B 1.74%
2020 $257.97B 1.80%
2019 $240.33B 1.73%
2018 $232.53B 1.74%
2017 $210.44B 1.75%
2016 $198.54B 1.77%
2015 $196.54B 1.75%
2014 $182.11B 1.73%
2013 $164.07B 1.70%
2012 $145.13B 1.69%
2011 $125.29B 1.67%
2010 $105.52B 1.74%
2009 $96.60B 1.89%
2008 $78.84B 1.71%
2007 $62.14B 1.74%
2006 $51.45B 1.85%
2005 $42.79B 1.85%
2004 $37.90B 1.93%
2003 $33.14B 1.98%
2002 $30.28B 2.05%
2001 $26.56B 1.98%
2000 $22.24B 1.83%
1999 $20.47B 1.87%
1998 $17.03B 1.66%
1997 $15.70B 1.63%
1996 $14.28B 1.65%
1995 $12.39B 1.69%
1994 $9.87B 1.69%
1993 $12.36B 1.93%
1992 $12.24B 2.45%
1991 $9.80B 2.31%
1990 $9.93B 2.45%
1989 $11.25B 2.45%