Lowy Institute
Asia Power Index
2024 Edition
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Lowy Institute

Years

Defence spending

Annual expenditure allocated to maintaining, renewing, replacing and expanding military capability

This chart shows the distribution of countries based on their weighted score for defence spending. Embed

Defence spending

Annual expenditure allocated to maintaining, renewing, replacing and expanding military capability

  • Rankings
  • Indicators
rank
Year
Weighting 20%
  • 1 100.0 — United States
  • 2 37.3 China
  • 3 19.4 Russia
  • 4 12.0 — India
  • 5 +1 6.2 — Japan
  • 6 −1 6.1 South Korea
  • 7 3.9 — Australia
  • 8 2.8 — Taiwan
  • 9 1.8 Pakistan
  • 10 1.6 — Singapore
  • 11 1.5 — Indonesia
  • 12 +1 1.2 — Vietnam
  • 13 −1 0.9 — Thailand
  • 14 +3 0.8 — Philippines
  • 15 +1 0.7 — Myanmar
  • 16 −2 0.7 — Malaysia
  • 17 −2 0.6 — Bangladesh
  • 18 +1 0.5 — Sri Lanka
  • 19 +1 0.3 — New Zealand
  • 20 +2 0.1 — Cambodia
  • 21 +2 0.1 — Brunei
  • 22 −1 0.1 — Nepal
  • 23 −5 0.0 North Korea
  • 24 0.0 — Mongolia
  • 25 0.0 — Papua New Guinea
  • 26 0.0 — Laos
  • 27 0.0 — Timor-Leste
Indicators