Military spending in Denmark

Denmark: Military spending was 8.01 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
8.01 billion constant 2022 US$
Change on year
up 16.9%
World rank
36th
of 172 countries
All-time high
8.01 billion constant 2022 US$
in 2023
All-time low
28.08 million constant 2022 US$
in 1817
Years of data
204
1816–2023

Military spending in Denmark, 1816–2023

02.0B4.0B6.0B8.0B181619192023

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

Analysis

In 2023, military spending in Denmark stood at 8.01 billion constant 2022 US$. That is the highest value across all 204 years on record.

That represents a change of up 16.9% on the previous year and up 53.3% over ten years.

Over the whole period, military spending in Denmark peaked at 8.01 billion constant 2022 US$ in 2023 and was at its lowest, 28.08 million constant 2022 US$, in 1817.

That places Denmark 36th out of 172 countries with data for 2023, putting it in the top quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
1810s 29.43 million constant 2022 US$ 28.08 million constant 2022 US$ 32.41 million constant 2022 US$ 4
1820s 36.51 million constant 2022 US$ 30.84 million constant 2022 US$ 41.31 million constant 2022 US$ 10
1830s 44.11 million constant 2022 US$ 38.99 million constant 2022 US$ 48.22 million constant 2022 US$ 10
1840s 62.39 million constant 2022 US$ 32.71 million constant 2022 US$ 76.24 million constant 2022 US$ 10
1850s 75.95 million constant 2022 US$ 40.02 million constant 2022 US$ 88.36 million constant 2022 US$ 10
1860s 75.78 million constant 2022 US$ 60.48 million constant 2022 US$ 95.35 million constant 2022 US$ 10
1870s 85.27 million constant 2022 US$ 69.17 million constant 2022 US$ 100.00 million constant 2022 US$ 10
1880s 88.03 million constant 2022 US$ 75.64 million constant 2022 US$ 99.33 million constant 2022 US$ 10
1890s 119.78 million constant 2022 US$ 91.61 million constant 2022 US$ 133.22 million constant 2022 US$ 10
1900s 135.62 million constant 2022 US$ 125.83 million constant 2022 US$ 160.05 million constant 2022 US$ 10
1910s 187.21 million constant 2022 US$ 143.55 million constant 2022 US$ 222.24 million constant 2022 US$ 10
1920s 161.92 million constant 2022 US$ 130.15 million constant 2022 US$ 202.01 million constant 2022 US$ 10
1930s 222.27 million constant 2022 US$ 132.93 million constant 2022 US$ 484.22 million constant 2022 US$ 10
1940s 628.48 million constant 2022 US$ 594.11 million constant 2022 US$ 718.60 million constant 2022 US$ 6
1950s 1.09 billion constant 2022 US$ 634.02 million constant 2022 US$ 1.30 billion constant 2022 US$ 10
1960s 2.02 billion constant 2022 US$ 1.27 billion constant 2022 US$ 2.62 billion constant 2022 US$ 10
1970s 3.30 billion constant 2022 US$ 2.68 billion constant 2022 US$ 4.12 billion constant 2022 US$ 10
1980s 3.82 billion constant 2022 US$ 3.48 billion constant 2022 US$ 4.30 billion constant 2022 US$ 10
1990s 4.51 billion constant 2022 US$ 4.13 billion constant 2022 US$ 4.75 billion constant 2022 US$ 10
2000s 4.77 billion constant 2022 US$ 4.04 billion constant 2022 US$ 5.53 billion constant 2022 US$ 10
2010s 5.08 billion constant 2022 US$ 4.30 billion constant 2022 US$ 5.94 billion constant 2022 US$ 10
2020s 6.86 billion constant 2022 US$ 6.29 billion constant 2022 US$ 8.01 billion constant 2022 US$ 4

Countries ranked near Denmark

  1. 33 Kuwait 9.79 billion constant 2022 US$ compare
  2. 34 Greece 9.38 billion constant 2022 US$ compare
  3. 35 Belgium 8.46 billion constant 2022 US$ compare
  4. 37 Thailand 7.79 billion constant 2022 US$ compare
  5. 38 Oman 7.65 billion constant 2022 US$ compare
  6. 39 Switzerland 7.40 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Denmark

All data for Denmark →

Frequently asked questions

What is military spending in Denmark?
Military spending in Denmark was 8.01 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 Denmark?
The highest recorded value was 8.01 billion constant 2022 US$ in 2023.
What is the lowest military spending recorded in Denmark?
The lowest recorded value was 28.08 million constant 2022 US$ in 1817.
How does Denmark rank for military spending?
Denmark ranks 36th out of 172 countries with data for 2023.
Is military spending rising or falling in Denmark?
Over the last ten years it is up 53.3%. The long-run trend across the full record is volatile.
Where does this Denmark 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 — 204 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.