Countries with the Biggest Military Budgets 2024
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.
Source:
World Bank
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.
↔️
Gap in 2024: United States is 45.7× larger than Algeria.
Data Insights
Numbers, trends & sources behind this chart
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 are shown as reported by the source. Nothing is rescaled, rebased or converted — the only changes are thousand separators and decimals shown to two places.
- Entities are ranked highest-first on their value in 2024.
Data Sources & References
All external sources cited in this dataset
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