Military spending in Iraq

Iraq: Military spending was 6.46 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
6.46 billion constant 2022 US$
Change on year
down 4.9%
World rank
43rd
of 172 countries
All-time high
31.81 billion constant 2022 US$
in 1984
All-time low
40.59 million constant 2022 US$
in 1933
Years of data
92
1932–2023

Military spending in Iraq, 1932–2023

010.0B20.0B30.0B193219772023

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 Iraq stood at 6.46 billion constant 2022 US$.

That represents a change of down 4.9% on the previous year and down 57.6% over ten years.

Over the whole period, military spending in Iraq peaked at 31.81 billion constant 2022 US$ in 1984 and was at its lowest, 40.59 million constant 2022 US$, in 1933.

Iraq ranks 43rd of 172 countries on this measure, 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
1930s 79.48 million constant 2022 US$ 40.59 million constant 2022 US$ 123.38 million constant 2022 US$ 8
1940s 195.26 million constant 2022 US$ 136.37 million constant 2022 US$ 254.33 million constant 2022 US$ 10
1950s 371.33 million constant 2022 US$ 214.34 million constant 2022 US$ 512.19 million constant 2022 US$ 10
1960s 1.06 billion constant 2022 US$ 386.30 million constant 2022 US$ 2.02 billion constant 2022 US$ 10
1970s 4.81 billion constant 2022 US$ 2.13 billion constant 2022 US$ 8.41 billion constant 2022 US$ 10
1980s 23.45 billion constant 2022 US$ 9.50 billion constant 2022 US$ 31.81 billion constant 2022 US$ 10
1990s 5.86 billion constant 2022 US$ 1.99 billion constant 2022 US$ 17.85 billion constant 2022 US$ 10
2000s 2.44 billion constant 2022 US$ 1.65 billion constant 2022 US$ 4.45 billion constant 2022 US$ 10
2010s 13.88 billion constant 2022 US$ 5.63 billion constant 2022 US$ 18.42 billion constant 2022 US$ 10
2020s 7.61 billion constant 2022 US$ 6.46 billion constant 2022 US$ 9.65 billion constant 2022 US$ 4

Countries ranked near Iraq

  1. 40 Vietnam 6.74 billion constant 2022 US$ compare
  2. 41 Finland 6.73 billion constant 2022 US$ compare
  3. 42 Romania 6.50 billion constant 2022 US$ compare
  4. 44 Philippines 6.33 billion constant 2022 US$ compare
  5. 45 Chile 6.31 billion constant 2022 US$ compare
  6. 46 Morocco 6.18 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Iraq

All data for Iraq →

Frequently asked questions

What is military spending in Iraq?
Military spending in Iraq was 6.46 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 Iraq?
The highest recorded value was 31.81 billion constant 2022 US$ in 1984.
What is the lowest military spending recorded in Iraq?
The lowest recorded value was 40.59 million constant 2022 US$ in 1933.
How does Iraq rank for military spending?
Iraq ranks 43rd out of 172 countries with data for 2023.
Is military spending rising or falling in Iraq?
Over the last ten years it is down 57.6%. The long-run trend across the full record is volatile.
Where does this Iraq 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 — 92 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.