Military Spending/Defense Budget 1960-2024

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).
  • military spending/defense budget for 2022 was $37.10B, a 3.78% increase from 2021.
  • military spending/defense budget for 2021 was $35.75B, a 12.46% increase from 2020.
  • military spending/defense budget for 2020 was $31.79B, a 7.92% increase from 2019.
  • military spending/defense budget for 2019 was $29.46B, a 9.68% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2022 $37.10B 1.92%
2021 $35.75B 1.88%
2020 $31.79B 1.91%
2019 $29.46B 1.76%
2018 $26.86B 1.63%
2017 $22.27B 1.54%
2016 $19.55B 1.49%
2015 $19.83B 1.53%
2014 $20.80B 1.42%
2013 $19.52B 1.38%
2012 $18.89B 1.39%
2011 $20.41B 1.40%
2010 $19.40B 1.47%
2009 $19.63B 1.52%
2008 $23.39B 1.53%
2007 $20.78B 1.65%
2006 $16.77B 1.69%
2005 $15.49B 1.77%
2004 $13.14B 1.75%
2003 $11.58B 1.86%
2002 $9.81B 1.89%
2001 $8.69B 1.89%
2000 $7.82B 1.86%
1999 $8.32B 1.95%
1998 $9.22B 2.12%
1997 $8.95B 2.25%
1996 $8.91B 2.24%
1995 $8.83B 2.36%
1994 $7.37B 2.28%
1993 $6.40B 2.35%
1992 $4.87B 2.57%
1991 $4.05B 2.74%
1990 $4.92B 3.41%
1989 $6.95B 4.66%
1988 $0.00B 0.00%
1987 $0.00B 0.00%
1986 $0.00B 0.00%
1985 $0.00B 0.00%
1984 $0.00B 0.00%
1983 $0.00B 0.00%
1982 $0.00B 0.00%
1981 $0.00B 0.00%
1980 $0.00B 0.00%
1979 $0.00B 0.00%
1978 $0.00B 0.00%
1977 $0.00B 0.00%
1976 $0.00B 0.00%
1975 $0.00B 0.00%
1974 $0.00B 0.00%
1973 $0.00B 0.00%
1972 $0.00B 0.00%
1971 $0.00B 0.00%
1970 $0.00B 0.00%
1969 $0.00B 0.00%
1968 $0.00B 0.00%
1967 $0.00B 0.00%
1966 $0.00B 0.00%
1965 $0.00B 0.00%
1964 $0.00B 0.00%
1963 $0.00B 0.00%
1962 $0.00B 0.00%
1961 $0.00B 0.00%
1960 $0.00B 0.00%