Military Expenditure
This key economic indicator for the Defense sector has been recently updated.
- India Military Expenditure was up 7.4% in 2019, compared to a year earlier.
- Since 2014 India Military Expenditure increased 6.9% year on year totalising $71,124,980,462.92.
- In 2019 China was ranked number 2 in Military Expenditure.
- In 2019 Bulgaria was number 58 in Military Expenditure at $2,127,074,985.69, moving from 75 in 2018.
Top Countries in Military Expenditure
US Dollars - 1960 to 2019
| # | 156 Countries | US Dollars | Last | YoY | 5‑years CAGR | |
|---|---|---|---|---|---|---|
| 1 |
#1
United States
| 731,751,400,000.00 | 2019 | +7.2 % | +2.5 % | View data |
| 2 |
#2
China
| 261,081,940,426.67 | 2019 | +3.0 % | +5.4 % | View data |
| 3 |
#3
India
| 71,124,980,462.92 | 2019 | +7.3 % | +6.9 % | View data |
| 4 |
#4
Russia
| 65,102,569,652.74 | 2019 | +6.0 % | -5.1 % | View data |
| 5 |
#5
Saudi Arabia
| 61,866,666,666.67 | 2019 | -16.9 % | -5.2 % | View data |
| 6 |
#6
France
| 50,118,929,211.93 | 2019 | -2.5 % | -1.2 % | View data |
| 7 |
#7
Germany
| 49,276,757,725.03 | 2019 | +6.0 % | +2.2 % | View data |
| 8 |
#8
United Kingdom
| 48,650,383,141.76 | 2019 | -2.5 % | -3.8 % | View data |
| 9 |
#9
Japan
| 47,609,019,987.34 | 2019 | +2.1 % | +0.3 % | View data |
| 10 |
#10
South Korea
| 43,890,861,986.14 | 2019 | +1.9 % | +3.2 % | View data |
| 11 |
#11
Brazil
| 26,945,917,849.90 | 2019 | -4.4 % | -3.8 % | View data |
| 12 |
#12
Italy
| 26,790,436,632.33 | 2019 | -3.7 % | -0.7 % | View data |
| 13 |
#13
Australia
| 25,912,378,303.20 | 2019 | -3.5 % | +0.1 % | View data |
| 14 |
#14
United Arab Emirates
| 22,755,071,477.20 | 2014 | -3.4 % | +10.5 % | View data |
| 15 |
#15
Canada
| 22,197,626,224.57 | 2019 | -2.3 % | +4.5 % | View data |
| 16 |
#16
Israel
| 20,464,927,048.26 | 2019 | +3.6 % | +2.8 % | View data |
| 17 |
#17
Turkey
| 20,447,711,267.61 | 2019 | +4.1 % | +3.1 % | View data |
| 18 |
#18
Spain
| 17,176,712,942.23 | 2019 | -3.6 % | +0.0 % | View data |
| 19 |
#19
Iran
| 12,623,163,490.04 | 2019 | +12.4 % | +5.0 % | View data |
| 20 |
#20
Netherlands
| 12,059,561,128.53 | 2019 | +8.5 % | +3.1 % | View data |
Source: World Bank