India - Military Expenditure
Since 2014, India Military Expenditure rose 6.9% year on year. In 2019, the country was number 3 comparing other countries in Military Expenditure at $71,124,980,462.92. India is overtaken by China, which was number 2 at $261,081,940,426.67 and is followed by Russia at $65,102,569,652.74. United States ranked the highest with $731,751,400,000 in 2019, a growth of 7.2% versus 2018. Bulgaria witnessed the best average annual growth at +23.3% per year, while Venezuela witnessed the worst performance at -55.3% per year.
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| Date | US Dollars |
|---|---|
| 2019 | 71,124,980,462.92 |
| 2018 | 66,257,801,718.28 |
| 2017 | 64,559,435,280.69 |
| 2016 | 56,637,622,640.87 |
| 2015 | 51,295,483,753.94 |
Download all data from 1960 to 2019
How does India rank in Military Expenditure?
| # | 156 Countries | US Dollars | Last | YoY | 5‑years CAGR | |
|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
731,751,400,000.00 | 2019 | +7.2 % | +2.5 % | View data |
| 2 |
#2
China
|
261,081,940,426.67 | 2019 | +3.0 % | +5.4 % | View data |
| 3 |
#3
India
|
71,124,980,462.92 | 2019 | +7.3 % | +6.9 % | View data |
| 4 |
#4
Russia
|
65,102,569,652.74 | 2019 | +6.0 % | -5.1 % | View data |
| 5 |
#5
Saudi Arabia
|
61,866,666,666.67 | 2019 | -16.9 % | -5.2 % | View data |