Global Military Spending by Year, 1990-2024
About This Dataset
Global Military Spending by Year, 1990-2024World military spending barely moved through the 1990s, from 712.3 billion dollars in 1990 to 742.4 billion in 2000, which in current dollars means it fell in real terms. Everything after that is upward: 1,164.5 billion by 2005, 1,648.7 by 2010, then a decade-long plateau to 1,652.0 in 2015 before climbing again to 1,934.4 in 2020 and 2,651.8 in 2024. The recent pace is what stands out: spending rose by 717.4 billion dollars in the four years from 2020 to 2024, nearly as much as the 936.4 billion added across the twenty years from 1990 to 2010, and the total rose by 1,222.1 billion over the whole thirty years from 1990 to 2020.
Key Findings
Auto-computed highlights from this dataset
Global Military Spending by Year, 1990-2024
Data Insights
Numbers, trends & sources behind this chart
Rankings & Full Data
11 records · Global Military Spending (billion US$) · ranked by 2024
Data Sources & References
All external sources cited in this dataset
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