Italy Military Expenditure (USD)
$38.0B▲ +$1.0B
Dec 2024 · Annual
Italy's military expenditure in current USD was $37.96 billion in 2024, up from $36.93 billion in 2023. The figure marks the all-time high for the series, which spans from 1960 to 2024. The all-time low was $1.01 billion in 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $38.0B | $36.9B | $38.0BDec 2024 | $1.0BDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 1.6% | 1.6% | 3.0% | 1.2% | Dec 2024 | Annual |
| GDP | $2.55T | $2.38T | $2.55T | $42.0B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Italy averaged $26.9B from 1960 until 2024, reaching an all-time high of $38.0B in Dec 2024 and a record low of $1.0B in Dec 1960. The series is reported yearly with history from 1960.
This indicator measures Italy's annual military expenditure, covering outlays for armed forces, defense ministries, and related military activities. It is expressed in current U.S. dollars and reported on an annual frequency. The series spans from 1960 to 2024, providing a long-run record of defense spending.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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