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World military expenditure (SIPRI)

How it's computed
Values exactly as published by the source (rounded).
Source
Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data · link
As of
2025 · fetched 24 Oct 2026

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38 rows
Year / dateWorld (US$ billions, constant 2024)United States (US$ billions, constant 2024)China (US$ billions, constant 2024)Russia (US$ billions, constant 2024)
19881,759.8796821.3993——
19891,738.6584814.4619.906—
19901,673.6732780.581121.6396—
1991—689.542123.0009—
19921,415.4843726.63827.972147.4595
19931,355.636687.750925.722841.488
19941,324.1549651.998924.750439.2203
19951,252.2903609.028625.707125.8054
19961,217.8193575.900827.234524.3663
19971,223.4179572.921629.054226.639
19981,207.5013559.984931.723615.842
19991,228.1141561.36338.673717.5929
20001,270.7808583.086641.8623.7368
20011,297.1706587.822249.634625.6524
20021,383.4148660.01257.007628.4175
20031,490.3994751.202761.69629.7968
20041,571.7508818.750967.956431.1441
20051,640.6796856.461774.62535.3925
20061,684.9081868.803185.898239.1741
20071,751.8679891.986194.424542.641
20081,851.9796956.8725103.310846.8529
20091,980.19081,032.1683125.361449.1576
20102,016.22121,061.6744131.535850.1569
20112,015.9541,049.103141.205853.5293
20121,996.039990.8307155.714162.0218
20131,948.064914.6172168.374665.0444
20141,936.2021858.3571181.814469.7096
20151,960.9099838.8651196.087675.1329
20161,961.752836.2909207.375480.5456
20171,982.9242827.6743220.129365.2678
20182,044.6212852.5851233.023762.8087
20192,131.57901.0321244.37665.6239
20202,209.7442943.4466255.894667.1657
20212,227.7818933.3345262.558768.4963
20222,299.3387922.5525274.158288.6787
20232,453.4046943.0328292.2208108.9595
20242,692.30771,004.901311.9003149.4019
20252,771.294929.1629335.0176158.2364
Data behind this figure