Military spending in China

China: Military spending was 349.48 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
349.48 billion constant 2022 US$
Change on year
up 3.4%
World rank
2nd
of 172 countries
All-time high
349.48 billion constant 2022 US$
in 2023
All-time low
30.58 million constant 2022 US$
in 1865
Years of data
164
1860–2023

Military spending in China, 1860–2023

0100.0B200.0B300.0B186019412023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

The most recent figure for military spending in China is 349.48 billion constant 2022 US$, measured in 2023. That is the highest value across all 164 years on record.

The figure is up 3.4% on the previous year and up 139.5% over ten years.

Over the whole period, military spending in China peaked at 349.48 billion constant 2022 US$ in 2023 and was at its lowest, 30.58 million constant 2022 US$, in 1865.

China ranks 2nd of 172 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1860s 40.15 million constant 2022 US$ 30.58 million constant 2022 US$ 51.64 million constant 2022 US$ 10
1870s 51.32 million constant 2022 US$ 37.65 million constant 2022 US$ 62.67 million constant 2022 US$ 10
1880s 71.13 million constant 2022 US$ 59.25 million constant 2022 US$ 86.86 million constant 2022 US$ 10
1890s 409.63 million constant 2022 US$ 77.34 million constant 2022 US$ 1.35 billion constant 2022 US$ 10
1900s 1.19 billion constant 2022 US$ 1.03 billion constant 2022 US$ 1.35 billion constant 2022 US$ 10
1910s 1.85 billion constant 2022 US$ 1.28 billion constant 2022 US$ 3.22 billion constant 2022 US$ 10
1920s 2.13 billion constant 2022 US$ 828.09 million constant 2022 US$ 2.63 billion constant 2022 US$ 10
1930s 2.33 billion constant 2022 US$ 1.04 billion constant 2022 US$ 6.62 billion constant 2022 US$ 10
1940s 5.57 billion constant 2022 US$ 814.78 million constant 2022 US$ 21.14 billion constant 2022 US$ 10
1950s 32.61 billion constant 2022 US$ 20.73 billion constant 2022 US$ 48.53 billion constant 2022 US$ 10
1960s 67.03 billion constant 2022 US$ 45.31 billion constant 2022 US$ 93.13 billion constant 2022 US$ 10
1970s 106.43 billion constant 2022 US$ 95.03 billion constant 2022 US$ 117.63 billion constant 2022 US$ 10
1980s 49.87 billion constant 2022 US$ 36.41 billion constant 2022 US$ 88.83 billion constant 2022 US$ 10
1990s 42.09 billion constant 2022 US$ 36.15 billion constant 2022 US$ 49.16 billion constant 2022 US$ 10
2000s 75.87 billion constant 2022 US$ 52.84 billion constant 2022 US$ 95.06 billion constant 2022 US$ 10
2010s 171.12 billion constant 2022 US$ 98.23 billion constant 2022 US$ 268.73 billion constant 2022 US$ 10
2020s 322.23 billion constant 2022 US$ 286.36 billion constant 2022 US$ 349.48 billion constant 2022 US$ 4

Countries ranked near China

  1. 1 United States 1.06 trillion constant 2022 US$ compare
  2. 3 Russia 120.26 billion constant 2022 US$ compare
  3. 4 India 95.30 billion constant 2022 US$ compare
  4. 5 Saudi Arabia 88.35 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for China

All data for China →

Frequently asked questions

What is military spending in China?
Military spending in China was 349.48 billion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in China?
The highest recorded value was 349.48 billion constant 2022 US$ in 2023.
What is the lowest military spending recorded in China?
The lowest recorded value was 30.58 million constant 2022 US$ in 1865.
How does China rank for military spending?
China ranks 2nd out of 172 countries with data for 2023.
Is military spending rising or falling in China?
Over the last ten years it is up 139.5%. The long-run trend across the full record is volatile.
Where does this China data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 164 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.