Libya—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #66 of 156Updated April 2026
Latest Value
$1.57B
2023
YoY Change
+29.5%
2022 → 2023
Global Rank
#66
of 156 countries
Maximum
$3.96B
2013
Minimum
$452.5M
2002
CAGR
+1.6%
14 years
Last
$1.57B
Previous
$1.21B
Highest
$3.96B
Lowest
$452.5M
Source
World Bank World Development Indicators
Libya's military expenditure (usd) was $1.57B in 2023, ranking #66 out of 156 countries. This represents a +29.5% change from 2022. Over the past 14 years, the highest recorded value was $3.96B (2013) and the lowest was $452.5M (2002). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | $1.57B | +29.5% |
| 2022 | $1.21B | -67.7% |
| 2014 | $3.76B | -5.3% |
| 2013 | $3.96B | +32.7% |
| 2012 | $2.99B | +171.6% |
| 2008 | $1.10B | +72.1% |
| 2007 | $639.1M | +4.0% |
| 2006 | $614.4M | -11.1% |
| 2005 | $690.9M | +0.9% |
| 2004 | $685.1M | +26.5% |
| 2003 | $541.4M | +19.6% |
| 2002 | $452.5M | -44.8% |
| 2001 | $819.7M | -24.5% |
| 2000 | $1.09B |
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 |