Serbia—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #62 of 156Updated April 2026
Latest Value
$2.32B
2024
YoY Change
+29.3%
2023 → 2024
Global Rank
#62
of 156 countries
Maximum
$2.32B
2024
Minimum
$337.1M
2000
CAGR
+8.4%
25 years
Last
$2.32B
Previous
$1.80B
Highest
$2.32B
Lowest
$337.1M
Source
World Bank World Development Indicators
Serbia's military expenditure (usd) was $2.32B in 2024, ranking #62 out of 156 countries. This represents a +29.3% change from 2023. Over the past 25 years, the highest recorded value was $2.32B (2024) and the lowest was $337.1M (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $2.32B | +29.3% |
| 2023 | $1.80B | +23.8% |
| 2022 | $1.45B | -19.9% |
| 2021 | $1.81B | +41.4% |
| 2020 | $1.28B | +8.8% |
| 2019 | $1.18B | +10.7% |
| 2018 | $1.06B | +33.7% |
| 2017 | $796.4M | +1.5% |
| 2016 | $784.6M | +12.1% |
| 2015 | $700.2M | -23.8% |
| 2014 | $918.6M | -1.5% |
| 2013 | $932.2M | +7.8% |
| 2012 | $865.1M | -12.3% |
| 2011 | $987.0M | +13.1% |
| 2010 | $872.3M | -10.5% |
| 2009 | $974.3M | -12.4% |
| 2008 | $1.11B | +14.4% |
| 2007 | $971.6M | +37.8% |
| 2006 | $705.1M | +12.0% |
| 2005 | $629.5M | -14.8% |
| 2004 | $739.2M | +1.2% |
| 2003 | $730.6M | +7.7% |
| 2002 | $678.5M | +37.3% |
| 2001 | $494.1M | +46.6% |
| 2000 | $337.1M |
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 |