Norway Military Expenditure (USD)
$10.4B▲ +$1.6B
Dec 2024 · Annual
Norway's military expenditure rose to $10.44 billion in 2024, an increase from $8.80 billion in the previous year. The spending set a new all-time high for the series, which began in 1960 and spans over six decades.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $10.4B | $8.8B | $10.4BDec 2024 | $148.1MDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 2.1% | 1.8% | 3.6% | 1.4% | Dec 2024 | Annual |
| GDP | $530.8B | $500.9B | $617.3B | $5.2B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Norway averaged $5.6B from 1960 until 2024, reaching an all-time high of $10.4B in Dec 2024 and a record low of $148.1M in Dec 1960. The series is reported yearly with history from 1960.
Military expenditure measures the annual outlays for armed forces, defense ministries, and related activities, expressed in current US dollars. The indicator is reported on an annual frequency, with the series spanning from 1960 to the present. It encompasses all current and capital spending on military forces, including personnel, operations, and procurement.
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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