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Global Military Expenditure Ranking
Military Spending by Country 1960 - 2024
About this Indicator
Military expenditure includes all government spending on the armed forces, covering operations, maintenance, procurement, research and development, and military aid. It follows the NATO definition as tracked by the World Bank.
Measured in current US dollars (nominal) per year.
Data Profile
This dataset covers the period from 1960 to 2024, recording data for 166 entities. Data is sourced from World Bank.
1960–2024 166 entities
World Bank
- As of 2024, United States holds the top position with a value of $997.31B.
Limitations
Definitions of what constitutes military spending vary across countries, and some nations do not fully disclose military budget details, making cross-country comparisons approximate.
Data Source & License
Licensed under CC BY 4.0.
Data is retrieved from the original source and formatted by Data Race.