China—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #2 of 156Updated April 2026
Latest Value
$313.66B
2024
YoY Change
+5.7%
2023 → 2024
Global Rank
#2
of 156 countries
Maximum
$313.66B
2024
Minimum
$22.24B
2000
CAGR
+11.7%
25 years
Last
$313.66B
Previous
$296.82B
Highest
$313.66B
Lowest
$22.24B
Source
World Bank World Development Indicators
China's military expenditure (usd) was $313.66B in 2024, ranking #2 out of 156 countries. This represents a +5.7% change from 2023. Over the past 25 years, the highest recorded value was $313.66B (2024) and the lowest was $22.24B (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $313.66B | +5.7% |
| 2023 | $296.82B | +1.7% |
| 2022 | $291.96B | +2.1% |
| 2021 | $285.93B | +10.8% |
| 2020 | $257.97B | +7.3% |
| 2019 | $240.33B | +3.4% |
| 2018 | $232.53B | +10.5% |
| 2017 | $210.44B | +6.0% |
| 2016 | $198.54B | +1.0% |
| 2015 | $196.54B | +7.9% |
| 2014 | $182.11B | +11.0% |
| 2013 | $164.07B | +13.1% |
| 2012 | $145.13B | +15.8% |
| 2011 | $125.29B | +18.7% |
| 2010 | $105.52B | +9.2% |
| 2009 | $96.60B | +22.5% |
| 2008 | $78.84B | +26.9% |
| 2007 | $62.14B | +20.8% |
| 2006 | $51.45B | +20.2% |
| 2005 | $42.79B | +12.9% |
| 2004 | $37.90B | +14.4% |
| 2003 | $33.14B | +9.4% |
| 2002 | $30.28B | +14.0% |
| 2001 | $26.56B | +19.4% |
| 2000 | $22.24B |
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 |