Countries with the Biggest Military Budgets 2024

Source:  World Bank

Countries with the Biggest Military Budgets 2024

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Key Findings

🏆
United States leads in Military Spending (USD Billion) with 997.30 in 2024.
📊
Average Military Spending (USD Billion) in 2024: 115  ·  median: 51.45.
↔️
Gap in 2024: United States is 45.7× larger than Algeria.

About This Dataset

Countries with the Biggest Military Budgets 2024
Countries ranked by military spending (USD billion) in 2024, using World Bank figures for the 151 countries that reported that year. United States leads on 997.3, ahead of China (313.7) and Russia (149.0). Military spending in US dollars, on the SIPRI definition, covering armed forces, defence ministries, paramilitary forces and military pensions. Several large spenders publish little detail, and China's figure in particular is an estimate.
Analysis

United States (997.3), China (313.7) and Russia (149.0) take the top three. Across the twenty shown, values run from 997.3 down to 21.8, a spread of 975.5. Most of that spread sits between first and second alone (683.6 of 975.5), so United States stands apart from the rest of the table. No other country in the table reaches half the leading figure of 997.3. The chart shows the twenty highest of 151 reporting countries, so it describes the top of the distribution rather than the world average.

Data Insights

Numbers, trends & sources behind this chart

Admin
⬡
Data Points
20
20 categories  ·  1 year
↑
Top Value
997.30
United States
Military Spending (USD Billion) · 2024
◈
Metrics
1
Military Spending (USD Billion)
◷
Period
2024
Single year snapshot

Methodology & source

Data source
World Bank
Coverage
20 entities · 2024 · 20 observations
Measure
Military Spending (USD Billion)
Last updated
6 September 2026
Compiled by
The ANYSTAT team, from the source above
How the figures are calculated
  • Values use the measure and unit named on this page. Consult the dataset description and cited source for coverage, definitions and any unit conversions. Displayed values may be rounded for readability.
  • Entities are ranked highest-first on their value in 2024.

Rankings & Full Data

20 records · Military Spending (USD Billion) · ranked by 2024

✓ 20 sourced
# Category 2024 Source
🥇 United States 997.30
🥈 China 313.70
🥉 Russia 149
4 Germany 88.50
5 India 86.10
6 United Kingdom 81.80
7 Saudi Arabia 80.30
8 Ukraine 64.70
9 France 64.70
10 Japan 55.30
11 South Korea 47.60
12 Israel 46.50
13 Poland 38
14 Italy 38
15 Australia 33.80
16 Canada 29.30
17 Turkey 25
18 Spain 24.60
19 Netherlands 23.20
20 Algeria 21.80

Data Sources & References

All external sources cited in this dataset

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