Military Spending Statistics 2024: Key Facts, Trends & Charts
Page updated: June 2026 · Data year: 2024 · 2026 data pending release · Source: World Bank, Eurostat
This page compiles the most important military spending statistics for 2024 worldwide. This page covers data from 50 countries, Data is sourced from the World Bank, Eurostat, and peer-reviewed research — all fully open and citable. Charts, ranked tables, and key facts are updated automatically as new data becomes available.
Key Military Spending Statistics (2024)
Key Findings: Military Spending Statistics — 2024 (most recent available — 2026 figures not yet published by World Bank/Eurostat) Data
The latest data shows Ukraine, Israel, Algeria lead globally for military expenditure (% of gdp), with the highest recorded value of 34.5%. At the other end of the scale, World, World, World record the lowest rates among the countries surveyed.
Military expenditure (% of GDP) by Country — Ranked Table
| # | Country | Military expenditure (% of GDP) | Year |
|---|---|---|---|
| 1 | Ukraine | 34.5% | 2024 |
| 2 | Israel | 8.8% | 2024 |
| 3 | Algeria | 8.0% | 2024 |
| 4 | Saudi Arabia | 7.3% | 2024 |
| 5 | Russian Federation | 7.1% | 2024 |
| 6 | Myanmar | 6.8% | 2024 |
| 7 | Fragile and conflict affected situations | 6.5% | 2024 |
| 8 | Oman | 5.6% | 2024 |
| 9 | Armenia | 5.5% | 2024 |
| 10 | Arab World | 5.3% | 2024 |
| 11 | Europe & Central Asia (IDA & IBRD countries) | 5.2% | 2024 |
| 12 | Middle East, North Africa, Afghanistan & Pakistan | 5.1% | 2024 |
| 13 | Azerbaijan | 5.0% | 2024 |
| 14 | Kuwait | 4.8% | 2024 |
| 15 | Jordan | 4.8% | 2024 |
| 16 | Burkina Faso | 4.7% | 2024 |
| 17 | Europe & Central Asia (excluding high income) | 4.6% | 2024 |
| 18 | Mali | 4.2% | 2024 |
| 19 | Poland | 4.2% | 2024 |
| 20 | Burundi | 3.8% | 2024 |
| 21 | Brunei Darussalam | 3.6% | 2024 |
| 22 | Morocco | 3.5% | 2024 |
| 23 | United States | 3.4% | 2024 |
| 24 | Estonia | 3.4% | 2024 |
| 25 | Colombia | 3.4% | 2024 |
| 26 | North America | 3.3% | 2024 |
| 27 | Latvia | 3.3% | 2024 |
| 28 | Greece | 3.1% | 2024 |
| 29 | Lithuania | 3.1% | 2024 |
| 30 | Chad | 3.0% | 2024 |
Methodology
All statistics on this page are sourced from open-licensed public datasets. World Bank data is available under CC BY 4.0. Eurostat data is published under the Eurostat copyright notice permitting free reuse. Manual statistics are sourced from primary research publications and are cited inline. Data is refreshed automatically on a weekly basis. Where multiple years are available, the most recent complete year is shown unless otherwise noted.
Frequently Asked Questions
What are the latest military spending statistics?
Based on the most recent data compiled by Statsipedia, we've gathered statistics from authoritative sources including the World Bank, Eurostat, and leading research institutions. See the key statistics section above for the most up-to-date figures.
When were these military spending statistics last updated?
This page was last updated in June 2026. The underlying data points may reflect different collection years — each statistic is labelled with its source year.
Where does the military spending statistics data come from?
Our statistics are sourced from publicly available datasets including the World Bank Open Data platform (CC BY 4.0), Eurostat, and peer-reviewed research. All sources are cited inline and linked to the original publication.
Can I use these military spending statistics in my research or content?
Yes. We source data from open-license datasets (CC BY 4.0). Please attribute Statsipedia and the original data source. For commercial use, check the license of each individual source.
Sources & Methodology
- Military expenditure (% of GDP)
- SIPRI Military Expenditure Database 2024
- SIPRI 2024
- NATO 2024