Global military spending hit a record $2.72 trillion in 2024, according to the Stockholm International Peace Research Institute (SIPRI), driven by the ongoing war in Ukraine, rising tensions in the Indo-Pacific, and a fundamental shift in E...
About: Countries by Military Expenditure 2024
Overview of the data behind this chart
Global military spending hit a record $2.72 trillion in 2024, according to the Stockholm International Peace Research Institute (SIPRI), driven by the ongoing war in Ukraine, rising tensions in the Indo-Pacific, and a fundamental shift in European defence posture. The United States alone accounts for over 37% of worldwide defence spending — more than the next ten countries combined. For the first time since reunification, Germany crossed NATO's 2% of GDP defence benchmark in 2024, reflecting a dramatic strategic pivot that Chancellor Scholz called a Zeitenwende, or turning point. China's military budget has more than tripled in real terms over the past two decades as it modernises its naval and air forces. Economists have raised growing concerns about the global opportunity costs as social spending and climate investment are crowded out by defence budgets at scale.
Key Findings
Auto-computed highlights from this dataset
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United States leads with 997 in 2024.
📊
Average value in 2024: 231 · median: 87.
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Gap in 2024: United States is 15.6× larger than France.
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Countries by Military Expenditure 2024
Data Insights
Numbers, trends & sources behind this chart⬡
Data Points
8
8 categories
·
1 year
↑
Top Value
997
United States
Military Expenditure (Billion USD) · 2024
◈
Metrics
1
Military Expenditure (Billion USD)
◷
Period
2024
Single year snapshot
Category Rankings
Ranked by 2024 value · vs. 2024| # | Category | 2024 | 2024 | Change |
|---|---|---|---|---|
| 🥇 | United States | 997 | 997 | +0% |
| 🥈 | China | 314 | 314 | +0% |
| 🥉 | Russia | 149 | 149 | +0% |
| 4 | Germany | 88 | 88 | +0% |
| 5 | India | 86 | 86 | +0% |
| 6 | Saudi Arabia | 76 | 76 | +0% |
| 7 | United Kingdom | 73 | 73 | +0% |
| 8 | France | 64 | 64 | +0% |
Statistical Summary — 2024
997
Maximum
64
Minimum
231
Average
87
Median
What This Data Shows
Auto-generated trend summaries per category
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Full Data Table
8 records across 1 yearData Sources & References
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