Countries by Military Expenditure 2024
Key Findings
About This Dataset
Countries by Military Expenditure 2024The disparity in military spending between the United States and other nations is striking, as the U.S. invests more than the next ten countries combined. China's significant increase to $314 billion reflects its ongoing military modernization efforts, particularly in naval and air capabilities. Meanwhile, Germany's pivot to a more robust defense posture, marked by its $88 billion expenditure, signifies a broader shift in European defense strategy. This trend raises concerns about the opportunity costs associated with such high military budgets, as vital social and climate investments may be sidelined. The growing military expenditures could indicate a long-term shift in global priorities, particularly in response to geopolitical tensions.
Data Insights
Numbers, trends & sources behind this chart
Methodology & source
- Data source
- Stockholm International Peace Research Institute
- Coverage
- 8 entities · 2024 · 8 observations
- Measure
- Military Expenditure (Billion USD)
- Last updated
- 27 July 2026
- Compiled by
- The ANYSTAT team, from the source above
- 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.
Data Sources & References
All external sources cited in this dataset
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