Portugal—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #48 of 156Updated April 2026
Latest Value
$4.64B
2024
YoY Change
+9.6%
2023 → 2024
Global Rank
#48
of 156 countries
Maximum
$4.64B
2024
Minimum
$1.66B
2000
CAGR
+4.4%
25 years
Last
$4.64B
Previous
$4.24B
Highest
$4.64B
Lowest
$1.66B
Source
World Bank World Development Indicators
Portugal's military expenditure (usd) was $4.64B in 2024, ranking #48 out of 156 countries. This represents a +9.6% change from 2023. Over the past 25 years, the highest recorded value was $4.64B (2024) and the lowest was $1.66B (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $4.64B | +9.6% |
| 2023 | $4.24B | +18.8% |
| 2022 | $3.57B | -8.1% |
| 2021 | $3.88B | +18.8% |
| 2020 | $3.27B | -1.0% |
| 2019 | $3.30B | +1.6% |
| 2018 | $3.25B | +19.3% |
| 2017 | $2.72B | -14.4% |
| 2016 | $3.18B | +20.2% |
| 2015 | $2.64B | -11.9% |
| 2014 | $3.00B | -8.0% |
| 2013 | $3.26B | +7.3% |
| 2012 | $3.04B | -16.8% |
| 2011 | $3.65B | +3.2% |
| 2010 | $3.54B | -5.3% |
| 2009 | $3.74B | +0.6% |
| 2008 | $3.71B | +12.2% |
| 2007 | $3.31B | +4.9% |
| 2006 | $3.15B | +0.4% |
| 2005 | $3.14B | +10.4% |
| 2004 | $2.85B | +20.5% |
| 2003 | $2.36B | +20.3% |
| 2002 | $1.97B | +11.9% |
| 2001 | $1.76B | +5.5% |
| 2000 | $1.66B |
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 |