Singapore Military Expenditure (USD)
$15.1B▲ +$879.6M
Dec 2024 · Annual
Singapore's military expenditure reached a record high of $15.06 billion in 2024, up from $14.18 billion in 2023. The latest figure is the highest since the series began in 1970, surpassing the previous all-time high set in the same year.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $15.1B | $14.2B | $15.1BDec 2024 | $103.6MDec 1970 | 1970 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 2.8% | 2.8% | 5.7% | 2.4% | Dec 2024 | Annual |
| GDP | $603.9B | $572.9B | $603.9B | $704.8M | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Singapore averaged $7.0B from 1970 until 2024, reaching an all-time high of $15.1B in Dec 2024 and a record low of $103.6M in Dec 1970. The series is reported yearly with history from 1970.
Military expenditure in current USD measures annual defense spending by Singapore, including personnel, operations, and procurement. The data is reported in US dollars on an annual basis, with the series spanning from 1970 to 2024.
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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