Sri Lanka—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #72 of 156Updated April 2026
Latest Value
$1.33B
2024
YoY Change
+14.4%
2023 → 2024
Global Rank
#72
of 156 countries
Maximum
$2.06B
2015
Minimum
$541.7M
2003
CAGR
+2.0%
25 years
Last
$1.33B
Previous
$1.17B
Highest
$2.06B
Lowest
$541.7M
Source
World Bank World Development Indicators
Sri Lanka's military expenditure (usd) was $1.33B in 2024, ranking #72 out of 156 countries. This represents a +14.4% change from 2023. Over the past 25 years, the highest recorded value was $2.06B (2015) and the lowest was $541.7M (2003). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $1.33B | +14.4% |
| 2023 | $1.17B | +16.4% |
| 2022 | $1.00B | -34.9% |
| 2021 | $1.54B | +3.6% |
| 2020 | $1.49B | -4.7% |
| 2019 | $1.56B | -4.8% |
| 2018 | $1.64B | -12.2% |
| 2017 | $1.87B | +7.2% |
| 2016 | $1.74B | -15.4% |
| 2015 | $2.06B | +7.5% |
| 2014 | $1.91B | +19.6% |
| 2013 | $1.60B | +8.5% |
| 2012 | $1.47B | -15.9% |
| 2011 | $1.75B | +14.4% |
| 2010 | $1.53B | +0.6% |
| 2009 | $1.52B | +0.7% |
| 2008 | $1.51B | +43.3% |
| 2007 | $1.05B | +33.3% |
| 2006 | $791.5M | +22.9% |
| 2005 | $644.2M | +4.0% |
| 2004 | $619.3M | +14.3% |
| 2003 | $541.7M | -5.2% |
| 2002 | $571.7M | -15.3% |
| 2001 | $675.0M | -17.9% |
| 2000 | $822.1M |
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 |