Of the economies in the World Bank's latest release, Venezuela, RB has the highest military expenditure (current LCU) (10,941,500,000 trillion in 2023) and Panama the lowest (0 in 2025).
What this measures
Military expenditure in local currency at current prices (by calendar year)
Limitations: SIPRI strives to compile reliable, consistent military expenditure data by assessing multiple sources, but accuracy depends on the quality and transparency of those sources. Challenges arise from two key issues: whether reported figures reflect actual spending and how closely they match SIPRI’s definition. While data is generally accurate in developed and many developing countries, weak governance, corruption, and secret transfers in others can lead to major discrepancies. SIPRI sometimes makes estimates, when sources conflict or lack coverage, introducing uncertainty, especially for countries like China or the UAE.
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 10,941,500,000 trillion | 2023 |
| 2 | Iran, Islamic Rep. | 4,899.89 trillion | 2025 |
| 3 | Viet Nam | 272.72 trillion | 2025 |
| 4 | Indonesia | 247.53 trillion | 2025 |
| 5 | Lebanon | 74.02 trillion | 2025 |
| 6 | Korea, Rep. | 67.92 trillion | 2025 |
| 7 | Colombia | 58.75 trillion | 2025 |
| 8 | Russian Federation | 15.96 trillion | 2025 |
| 9 | Uzbekistan | 11.62 trillion | 2018 |
| 10 | Myanmar | 10.63 trillion | 2024 |
| 11 | Zimbabwe | 10.61 trillion | 2025 |
| 12 | Japan | 9.3 trillion | 2025 |
| 13 | Iraq | 8.45 trillion | 2025 |
| 14 | India | 8.02 trillion | 2025 |
| 15 | Guinea | 5.2 trillion | 2025 |
| 16 | Chile | 5.07 trillion | 2025 |
| 17 | Argentina | 4.82 trillion | 2025 |
| 18 | Uganda | 4.67 trillion | 2025 |
| 19 | Ukraine | 3.51 trillion | 2025 |
| 20 | Algeria | 3.35 trillion | 2025 |
| 21 | Pakistan | 3.34 trillion | 2025 |
| 22 | Congo, Dem. Rep. | 3.32 trillion | 2025 |
| 23 | Nigeria | 3.2 trillion | 2025 |
| 24 | Paraguay | 3.19 trillion | 2025 |
| 25 | Cambodia | 2.96 trillion | 2025 |
| 26 | Tanzania | 2.64 trillion | 2025 |
| 27 | China | 2.41 trillion | 2025 |
| 28 | Hungary | 1.77 trillion | 2025 |
| 29 | Angola | 1.34 trillion | 2025 |
| 30 | Türkiye | 1.19 trillion | 2025 |
| 31 | United States | 954.39 billion | 2025 |
| 32 | South Sudan | 798.3 billion | 2025 |
| 33 | Mongolia | 784.57 billion | 2025 |
| 34 | Kazakhstan | 682.3 billion | 2025 |
| 35 | Burundi | 670.49 billion | 2025 |
| 36 | Armenia | 667.88 billion | 2025 |
| 37 | Mali | 554.09 billion | 2025 |
| 38 | Madagascar | 542.69 billion | 2025 |
| 39 | Burkina Faso | 518.42 billion | 2025 |
| 40 | Bangladesh | 466.17 billion | 2025 |
| 41 | Côte d'Ivoire | 441.6 billion | 2025 |
| 42 | Sri Lanka | 418.25 billion | 2025 |
| 43 | Chad | 377.27 billion | 2025 |
| 44 | Philippines | 366.72 billion | 2025 |
| 45 | Cameroon | 364.86 billion | 2025 |
| 46 | Senegal | 329.64 billion | 2025 |
| 47 | Saudi Arabia | 311.93 billion | 2025 |
| 48 | Serbia | 288.94 billion | 2025 |
| 49 | Niger | 284.28 billion | 2025 |
| 50 | Malawi | 282.4 billion | 2025 |
| 51 | Rwanda | 273.65 billion | 2025 |
| 52 | Mexico | 262.17 billion | 2025 |
| 53 | Korea, Dem. People's Rep. | 216.6 billion | 2018 |
| 54 | Gabon | 207.07 billion | 2025 |
| 55 | Thailand | 196.74 billion | 2025 |
| 56 | Kenya | 190.01 billion | 2025 |
| 57 | Norway | 177 billion | 2025 |
| 58 | Poland | 175.73 billion | 2025 |
| 59 | Israel | 166.64 billion | 2025 |
| 60 | Sweden | 161.67 billion | 2025 |
| 61 | Czechia | 154.4 billion | 2025 |
| 62 | Sudan | 136.99 billion | 2021 |
| 63 | Brazil | 134 billion | 2025 |
| 64 | Benin | 126.13 billion | 2025 |
| 65 | Egypt, Arab Rep. | 123.24 billion | 2025 |
| 66 | Togo | 119.18 billion | 2025 |
| 67 | Congo, Rep. | 119.16 billion | 2025 |
| 68 | Germany | 100.69 billion | 2025 |
| 69 | Denmark | 98.9 billion | 2025 |
| 70 | Uruguay | 80.38 billion | 2025 |
| 71 | Ethiopia | 73.34 billion | 2025 |
| 72 | United Kingdom | 71.18 billion | 2025 |
| 73 | Equatorial Guinea | 70.2 billion | 2025 |
| 74 | Dominican Republic | 64 billion | 2025 |
| 75 | France | 60.29 billion | 2025 |
| 76 | Nepal | 59.7 billion | 2025 |
| 77 | Morocco | 59.18 billion | 2025 |
| 78 | South Africa | 56.76 billion | 2025 |
| 79 | Qatar | 56.1 billion | 2022 |
| 80 | Australia | 54.81 billion | 2025 |
| 81 | Albania | 54.11 billion | 2025 |
| 82 | Kyrgyz Republic | 52.51 billion | 2025 |
| 83 | Canada | 52.4 billion | 2025 |
| 84 | Guyana | 51.82 billion | 2025 |
| 85 | Jamaica | 45.62 billion | 2025 |
| 86 | Romania | 43.45 billion | 2025 |
| 87 | Central African Republic | 43.14 billion | 2025 |
| 88 | Italy | 42.68 billion | 2025 |
| 89 | Spain | 35.65 billion | 2025 |
| 90 | Mozambique | 29.88 billion | 2025 |
| 91 | Netherlands | 25.66 billion | 2025 |
| 92 | Afghanistan | 23.04 billion | 2021 |
| 93 | Singapore | 22.79 billion | 2025 |
| 94 | Malaysia | 21.13 billion | 2025 |
| 95 | North Macedonia | 20.45 billion | 2025 |
| 96 | Honduras | 15.09 billion | 2025 |
| 97 | Guinea-Bissau | 13 billion | 2025 |
| 98 | Belgium | 12.88 billion | 2025 |
| 99 | Mauritania | 12.81 billion | 2025 |
| 100 | Zambia | 10.24 billion | 2025 |
| 101 | Peru | 9.27 billion | 2025 |
| 102 | Azerbaijan | 8.4 billion | 2025 |
| 103 | Botswana | 8.34 billion | 2025 |
| 104 | Libya | 7.57 billion | 2023 |
| 105 | Greece | 7.44 billion | 2025 |
| 106 | Namibia | 7.34 billion | 2025 |
| 107 | Finland | 7.16 billion | 2025 |
| 108 | Ghana | 6.37 billion | 2025 |
| 109 | Belarus | 6.35 billion | 2025 |
| 110 | Switzerland | 6.31 billion | 2025 |
| 111 | Austria | 5.63 billion | 2025 |
| 112 | Portugal | 5.2 billion | 2025 |
| 113 | Haiti | 5.12 billion | 2025 |
| 114 | New Zealand | 4.91 billion | 2025 |
| 115 | Guatemala | 4.86 billion | 2025 |
| 116 | Bolivia | 4.76 billion | 2025 |
| 117 | Bulgaria | 4.49 billion | 2025 |
| 118 | Tunisia | 4.45 billion | 2025 |
| 119 | Nicaragua | 4.28 billion | 2025 |
| 120 | Cuba | 2.92 billion | 2018 |
| 121 | Slovak Republic | 2.76 billion | 2025 |
| 122 | Ecuador | 2.74 billion | 2025 |
| 123 | Lithuania | 2.62 billion | 2025 |
| 124 | Kuwait | 2.48 billion | 2025 |
| 125 | Tajikistan | 2.46 billion | 2025 |
| 126 | Oman | 2.3 billion | 2025 |
| 127 | Moldova | 1.97 billion | 2025 |
| 128 | Cabo Verde | 1.96 billion | 2025 |
| 129 | Croatia | 1.86 billion | 2025 |
| 130 | Jordan | 1.81 billion | 2025 |
| 131 | Georgia | 1.8 billion | 2025 |
| 132 | Eswatini | 1.67 billion | 2025 |
| 133 | Trinidad and Tobago | 1.56 billion | 2025 |
| 134 | Latvia | 1.54 billion | 2025 |
| 135 | Estonia | 1.4 billion | 2025 |
| 136 | Ireland | 1.38 billion | 2025 |
| 137 | Mauritius | 1.09 billion | 2025 |
| 138 | Slovenia | 1.08 billion | 2025 |
| 139 | Gambia, The | 1.07 billion | 2025 |
| 140 | Luxembourg | 758.29 million | 2025 |
| 141 | Brunei Darussalam | 748.54 million | 2024 |
| 142 | Sierra Leone | 732.1 million | 2025 |
| 143 | Lesotho | 713.78 million | 2025 |
| 144 | Cyprus | 588 million | 2025 |
| 145 | Bahrain | 552.03 million | 2025 |
| 146 | El Salvador | 490 million | 2025 |
| 147 | Papua New Guinea | 441.91 million | 2025 |
| 148 | Seychelles | 408.85 million | 2025 |
| 149 | Bosnia and Herzegovina | 401.19 million | 2025 |
| 150 | Kosovo | 207.88 million | 2025 |
| 151 | Somalia, Fed. Rep. | 199.47 million | 2025 |
| 152 | Fiji | 184.81 million | 2025 |
| 153 | Montenegro | 156.5 million | 2025 |
| 154 | Malta | 110.5 million | 2025 |
| 155 | Belize | 66.63 million | 2025 |
| 156 | Timor-Leste | 47.92 million | 2025 |
| 157 | Liberia | 44.21 million | 2025 |
| 158 | Costa Rica | 0 | 2025 |
| 159 | Iceland | 0 | 2025 |
| 160 | Panama | 0 | 2025 |
More public sector indicators
- Net acquisition of financial assets (current LCU)
- Net acquisition of financial assets (% of GDP)
- Central government debt, total (current LCU)
- Central government debt, total (% of GDP)
- Net incurrence of liabilities, total (current LCU)
- Net incurrence of liabilities, total (% of GDP)
- Net investment in nonfinancial assets (current LCU)
- Net investment in nonfinancial assets (% of GDP)
- Net lending (+) / net borrowing (-) (current LCU)
- Net lending (+) / net borrowing (-) (% of GDP)
- Grants and other revenue (current LCU)
- Grants and other revenue (% of revenue)
Reading data like this
Source
World Bank, World Development Indicators, MS.MIL.XPND.CN, CC BY 4.0. Original source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), uri: https://www.sipri.org/databases View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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