Canada—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #16 of 156Updated April 2026
Latest Value
$29.35B
2024
YoY Change
+7.8%
2023 → 2024
Global Rank
#16
of 156 countries
Maximum
$29.35B
2024
Minimum
$8.30B
2000
CAGR
+5.4%
25 years
Last
$29.35B
Previous
$27.23B
Highest
$29.35B
Lowest
$8.30B
Source
World Bank World Development Indicators
Canada's military expenditure (usd) was $29.35B in 2024, ranking #16 out of 156 countries. This represents a +7.8% change from 2023. Over the past 25 years, the highest recorded value was $29.35B (2024) and the lowest was $8.30B (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $29.35B | +7.8% |
| 2023 | $27.23B | +6.5% |
| 2022 | $25.57B | +0.8% |
| 2021 | $25.36B | +9.9% |
| 2020 | $23.08B | +3.1% |
| 2019 | $22.39B | -1.5% |
| 2018 | $22.73B | +2.1% |
| 2017 | $22.27B | +25.2% |
| 2016 | $17.78B | -0.9% |
| 2015 | $17.94B | +0.5% |
| 2014 | $17.85B | -3.6% |
| 2013 | $18.52B | -9.5% |
| 2012 | $20.45B | -4.4% |
| 2011 | $21.39B | +10.8% |
| 2010 | $19.32B | +2.0% |
| 2009 | $18.94B | -2.1% |
| 2008 | $19.34B | +11.1% |
| 2007 | $17.42B | +17.6% |
| 2006 | $14.81B | +14.0% |
| 2005 | $12.99B | +14.6% |
| 2004 | $11.34B | +13.8% |
| 2003 | $9.96B | +17.2% |
| 2002 | $8.50B | +1.4% |
| 2001 | $8.38B | +0.9% |
| 2000 | $8.30B |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |