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Adjustment: constant 2017 prices
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(41145, date)
Cbonds add-in| Index | Current value | Date |
|---|---|---|
| Afghanistan Military Expenditure | 278 USD Million | 31/12/2021 |
| Albania Military Expenditure | 624 USD Million | 31/12/2025 |
| Algeria Military Expenditure | 25,439 USD Million | 31/12/2025 |
| Angola Military Expenditure | 1,459 USD Million | 31/12/2025 |
| Argentina Military Expenditure | 3,876 USD Million | 31/12/2025 |
| Armenia Military Expenditure | 1,725 USD Million | 31/12/2025 |
| Australia Military Expenditure | 35,327 USD Million | 31/12/2025 |
| Austria Military Expenditure | 6,353 USD Million | 31/12/2025 |
| Azerbaijan Military Expenditure | 4,939 USD Million | 31/12/2025 |
| Bahrain Military Expenditure | 1,468 USD Million | 31/12/2025 |
| Bangladesh Military Expenditure | 3,827 USD Million | 31/12/2025 |
| Belarus Military Expenditure | 1,939 USD Million | 31/12/2025 |
| Belgium Military Expenditure | 14,532 USD Million | 31/12/2025 |
| Belize Military Expenditure | 33.3 USD Million | 31/12/2025 |
| Benin Military Expenditure | 217 USD Million | 31/12/2025 |
| Bolivia Military Expenditure | 688 USD Million | 31/12/2025 |
| Bosnia And Herzegovina Military Expenditure | 231 USD Million | 31/12/2025 |
| Botswana Military Expenditure | 614 USD Million | 31/12/2025 |
| Brazil Military Expenditure | 23,950 USD Million | 31/12/2025 |
| Brunei Military Expenditure | 560 USD Million | 31/12/2024 |
| Bulgaria Military Expenditure | 2,589 USD Million | 31/12/2025 |
| Burkina Faso Military Expenditure | 892 USD Million | 31/12/2025 |
| Burundi Military Expenditure | 227 USD Million | 31/12/2025 |
| Cambodia Military Expenditure | 739 USD Million | 31/12/2025 |
| Cameroon Military Expenditure | 628 USD Million | 31/12/2025 |
| Canada Military Expenditure | 37,494 USD Million | 31/12/2025 |
| Cape Verde Military Expenditure | 20 USD Million | 31/12/2025 |
| Central African Republic Military Expenditure | 74 USD Million | 31/12/2025 |
| Chad Military Expenditure | 649 USD Million | 31/12/2025 |
| Chile Military Expenditure | 5,328 USD Million | 31/12/2025 |
| China Military Expenditure | 335,524 USD Million | 31/12/2025 |
| Colombia Military Expenditure | 14,503 USD Million | 31/12/2025 |
| Congo Military Expenditure | 1,225 USD Million | 31/12/2025 |
| Croatia Military Expenditure | 2,102 USD Million | 31/12/2025 |
| Cuba Military Expenditure | 129 USD Million | 31/12/2018 |
| Cyprus Military Expenditure | 663 USD Million | 31/12/2025 |
| Czech Republic Military Expenditure | 7,052 USD Million | 31/12/2025 |
| Denmark Military Expenditure | 14,949 USD Million | 31/12/2025 |
| Dominican Republic Military Expenditure | 1,037 USD Million | 31/12/2025 |
| East Timor Military Expenditure | 47.9 USD Million | 31/12/2025 |
| Ecuador Military Expenditure | 2,736 USD Million | 31/12/2025 |
| Egypt Military Expenditure | 2,502 USD Million | 31/12/2025 |
| El Salvador Military Expenditure | 490 USD Million | 31/12/2025 |
| Estonia Military Expenditure | 1,576 USD Million | 31/12/2025 |
| Eswatini Military Expenditure | 93.4 USD Million | 31/12/2025 |
| Ethiopia Military Expenditure | 528 USD Million | 31/12/2025 |
| Fiji Military Expenditure | 81.2 USD Million | 31/12/2025 |
| Finland Military Expenditure | 8,082 USD Million | 31/12/2025 |
| France Military Expenditure | 68,008 USD Million | 31/12/2025 |
| Gabon Military Expenditure | 356 USD Million | 31/12/2025 |
| Gambia Military Expenditure | 14.7 USD Million | 31/12/2025 |
| Georgia Military Expenditure | 658 USD Million | 31/12/2025 |
| Germany Military Expenditure | 113,586 USD Million | 31/12/2025 |
| Ghana Military Expenditure | 507 USD Million | 31/12/2025 |
| Greece Military Expenditure | 8,388 USD Million | 31/12/2025 |
| Guatemala Military Expenditure | 633 USD Million | 31/12/2025 |
| Guinea Military Expenditure | 601 USD Million | 31/12/2025 |
| Guyana Military Expenditure | 247.6 USD Million | 31/12/2025 |
| Haiti Military Expenditure | 39.1 USD Million | 31/12/2025 |
| Honduras Military Expenditure | 580 USD Million | 31/12/2025 |
| Hungary Military Expenditure | 5,002 USD Million | 31/12/2025 |
| India Military Expenditure | 92,057 USD Million | 31/12/2025 |
| Indonesia Military Expenditure | 15,025 USD Million | 31/12/2025 |
| Iran Military Expenditure | 7,396 USD Million | 31/12/2025 |
| Iraq Military Expenditure | 6,448 USD Million | 31/12/2025 |
| Ireland Military Expenditure | 1,551 USD Million | 31/12/2025 |
| Israel Military Expenditure | 48,281 USD Million | 31/12/2025 |
| Italy Military Expenditure | 48,144 USD Million | 31/12/2025 |
| Ivory Coast Military Expenditure | 759 USD Million | 31/12/2025 |
| Jamaica Military Expenditure | 287 USD Million | 31/12/2025 |
| Japan Military Expenditure | 62,158 USD Million | 31/12/2025 |
| Jordan Military Expenditure | 2,533 USD Million | 31/12/2025 |
| Kazakhstan Military Expenditure | 1,309 USD Million | 31/12/2025 |
| Kenya Military Expenditure | 1,470 USD Million | 31/12/2025 |
| Kosovo Military Expenditure | 234.5 USD Million | 31/12/2025 |
| Kuwait Military Expenditure | 8,088 USD Million | 31/12/2025 |
| Kyrgyzstan Military Expenditure | 601 USD Million | 31/12/2025 |
| Latvia Military Expenditure | 1,732 USD Million | 31/12/2025 |
| Lebanon Military Expenditure | 828 USD Million | 31/12/2025 |
| Lesotho Military Expenditure | 39.9 USD Million | 31/12/2025 |
| Liberia Military Expenditure | 44.2 USD Million | 31/12/2025 |
| Lithuania Military Expenditure | 2,952 USD Million | 31/12/2025 |
| Luxembourg Military Expenditure | 855 USD Million | 31/12/2025 |
| Madagascar Military Expenditure | 119.7 USD Million | 31/12/2025 |
| Malawi Military Expenditure | 162.8 USD Million | 31/12/2025 |
| Malaysia Military Expenditure | 4,933 USD Million | 31/12/2025 |
| Mali Military Expenditure | 953 USD Million | 31/12/2025 |
| Malta Military Expenditure | 124.7 USD Million | 31/12/2025 |
| Mauritania Military Expenditure | 322 USD Million | 31/12/2025 |
| Mauritius Military Expenditure | 24 USD Million | 31/12/2025 |
| Mexico Military Expenditure | 13,648 USD Million | 31/12/2025 |
| Moldova Military Expenditure | 113.3 USD Million | 31/12/2025 |
| Mongolia Military Expenditure | 221 USD Million | 31/12/2025 |
| Montenegro Military Expenditure | 176.5 USD Million | 31/12/2025 |
| Morocco Military Expenditure | 6,331 USD Million | 31/12/2025 |
| Mozambique Military Expenditure | 468 USD Million | 31/12/2025 |
| Myanmar Military Expenditure | 5,011 USD Million | 31/12/2024 |
| Namibia Military Expenditure | 411 USD Million | 31/12/2025 |
| Nepal Military Expenditure | 428 USD Million | 31/12/2025 |
| Netherlands Military Expenditure | 28,944 USD Million | 31/12/2025 |
| New Zealand Military Expenditure | 2,856 USD Million | 31/12/2025 |
| Nicaragua Military Expenditure | 116.4 USD Million | 31/12/2025 |
| Niger Military Expenditure | 489 USD Million | 31/12/2025 |
| Nigeria Military Expenditure | 2,102 USD Million | 31/12/2025 |
| North Macedonia Military Expenditure | 375 USD Million | 31/12/2025 |
| Norway Military Expenditure | 17,034 USD Million | 31/12/2025 |
| Oman Military Expenditure | 5,988 USD Million | 31/12/2025 |
| Pakistan Military Expenditure | 11,871 USD Million | 31/12/2025 |
| Panama Military Expenditure | 0 USD Million | 31/12/2025 |
| Papua New Guinea Military Expenditure | 106.5 USD Million | 31/12/2025 |
| Paraguay Military Expenditure | 421 USD Million | 31/12/2025 |
| Peru Military Expenditure | 2,596 USD Million | 31/12/2025 |
| Philippines Military Expenditure | 6,379 USD Million | 31/12/2025 |
| Poland Military Expenditure | 46,760 USD Million | 31/12/2025 |
| Portugal Military Expenditure | 5,861 USD Million | 31/12/2025 |
| Republic Of The Congo Military Expenditure | 205 USD Million | 31/12/2025 |
| Romania Military Expenditure | 9,725 USD Million | 31/12/2025 |
| Russia Military Expenditure | 190,417 USD Million | 31/12/2025 |
| Rwanda Military Expenditure | 191.2 USD Million | 31/12/2025 |
| Saudi Arabia Military Expenditure | 83,181 USD Million | 31/12/2025 |
| Senegal Military Expenditure | 567 USD Million | 31/12/2025 |
| Serbia Military Expenditure | 2,781 USD Million | 31/12/2025 |
| Seychelles Military Expenditure | 28.4 USD Million | 31/12/2025 |
| Sierra Leone Military Expenditure | 32.2 USD Million | 31/12/2025 |
| Singapore Military Expenditure | 17,439 USD Million | 31/12/2025 |
| Slovakia Military Expenditure | 3,118 USD Million | 31/12/2025 |
| Slovenia Military Expenditure | 1,222 USD Million | 31/12/2025 |
| South Africa Military Expenditure | 3,174 USD Million | 31/12/2025 |
| South Korea Military Expenditure | 47,771 USD Million | 31/12/2025 |
| South Sudan Military Expenditure | 178 USD Million | 31/12/2025 |
| Spain Military Expenditure | 40,212 USD Million | 31/12/2025 |
| Sri Lanka Military Expenditure | 1,391 USD Million | 31/12/2025 |
| Sudan Military Expenditure | 375 USD Million | 31/12/2021 |
| Sweden Military Expenditure | 16,474 USD Million | 31/12/2025 |
| Switzerland Military Expenditure | 7,591 USD Million | 31/12/2025 |
| Taiwan Military Expenditure | 18,188 USD Million | 31/12/2025 |
| Tanzania Military Expenditure | 1,031 USD Million | 31/12/2025 |
| Thailand Military Expenditure | 5,984 USD Million | 31/12/2025 |
| Togo Military Expenditure | 204.9 USD Million | 31/12/2025 |
| Trinidad And Tobago Military Expenditure | 230 USD Million | 31/12/2025 |
| Tunisia Military Expenditure | 1,485 USD Million | 31/12/2025 |
| Turkey Military Expenditure | 29,987 USD Million | 31/12/2025 |
| Uganda Military Expenditure | 1,297 USD Million | 31/12/2025 |
| Ukraine Military Expenditure | 84,109 USD Million | 31/12/2025 |
| United Kingdom Military Expenditure | 88,978 USD Million | 31/12/2025 |
| United States Military Expenditure | 954,387 USD Million | 31/12/2025 |
| Uruguay Military Expenditure | 1,954 USD Million | 31/12/2025 |
| Venezuela Military Expenditure | 0 USD Million | 31/12/2024 |
| Vietnam Military Expenditure | 5,500 USD Million | 31/12/2018 |
| Zambia Military Expenditure | 406 USD Million | 31/12/2025 |
| Zimbabwe Military Expenditure | 160 USD Million | 31/12/2025 |
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