Jamaica—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #116 of 156Updated April 2026
Latest Value
$262.5M
2024
YoY Change
+14.0%
2023 → 2024
Global Rank
#116
of 156 countries
Maximum
$266.0M
2019
Minimum
$43.6M
2000
CAGR
+7.8%
25 years
Last
$262.5M
Previous
$230.4M
Highest
$266.0M
Lowest
$43.6M
Source
World Bank World Development Indicators
Jamaica's military expenditure (usd) was $262.5M in 2024, ranking #116 out of 156 countries. This represents a +14.0% change from 2023. Over the past 25 years, the highest recorded value was $266.0M (2019) and the lowest was $43.6M (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $262.5M | +14.0% |
| 2023 | $230.4M | +4.5% |
| 2022 | $220.5M | +1.4% |
| 2021 | $217.6M | -8.1% |
| 2020 | $236.9M | -11.0% |
| 2019 | $266.0M | +26.9% |
| 2018 | $209.7M | +46.1% |
| 2017 | $143.5M | +4.3% |
| 2016 | $137.6M | +11.1% |
| 2015 | $123.9M | +2.1% |
| 2014 | $121.3M | -5.5% |
| 2013 | $128.4M | -6.7% |
| 2012 | $137.6M | +3.0% |
| 2011 | $133.6M | +15.6% |
| 2010 | $115.6M | +0.7% |
| 2009 | $114.8M | -12.2% |
| 2008 | $130.7M | +56.5% |
| 2007 | $83.5M | +15.0% |
| 2006 | $72.6M | +22.4% |
| 2005 | $59.3M | +8.8% |
| 2004 | $54.5M | -0.6% |
| 2003 | $54.8M | -3.6% |
| 2002 | $56.9M | +22.7% |
| 2001 | $46.4M | +6.4% |
| 2000 | $43.6M |
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 |