Military spending in Malaysia

Malaysia: Military spending was 4.68 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
4.68 billion constant 2022 US$
Change on year
up 2.3%
World rank
53rd
of 172 countries
All-time high
5.52 billion constant 2022 US$
in 2013
All-time low
301.29 million constant 2022 US$
in 1961
Years of data
67
1957–2023

Military spending in Malaysia, 1957–2023

02.0B4.0B6.0B195719902023

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

Analysis

Malaysia recorded 4.68 billion constant 2022 US$ for military spending in 2023.

Compared with earlier readings it is up 2.3% on the previous year and down 15.3% over ten years.

Over the whole period, military spending in Malaysia peaked at 5.52 billion constant 2022 US$ in 2013 and was at its lowest, 301.29 million constant 2022 US$, in 1961.

That places Malaysia 53rd out of 172 countries with data for 2023, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1950s 401.02 million constant 2022 US$ 359.33 million constant 2022 US$ 428.15 million constant 2022 US$ 3
1960s 579.70 million constant 2022 US$ 301.29 million constant 2022 US$ 806.35 million constant 2022 US$ 10
1970s 1.59 billion constant 2022 US$ 908.38 million constant 2022 US$ 2.52 billion constant 2022 US$ 10
1980s 2.84 billion constant 2022 US$ 2.16 billion constant 2022 US$ 3.94 billion constant 2022 US$ 10
1990s 3.66 billion constant 2022 US$ 2.44 billion constant 2022 US$ 4.48 billion constant 2022 US$ 10
2000s 4.18 billion constant 2022 US$ 3.41 billion constant 2022 US$ 5.03 billion constant 2022 US$ 10
2010s 4.99 billion constant 2022 US$ 4.54 billion constant 2022 US$ 5.52 billion constant 2022 US$ 10
2020s 4.54 billion constant 2022 US$ 4.34 billion constant 2022 US$ 4.68 billion constant 2022 US$ 4

Countries ranked near Malaysia

  1. 50 Egypt 4.83 billion constant 2022 US$ compare
  2. 51 Libya 4.78 billion constant 2022 US$ compare
  3. 52 Portugal 4.74 billion constant 2022 US$ compare
  4. 54 Argentina 4.45 billion constant 2022 US$ compare
  5. 55 Hungary 4.10 billion constant 2022 US$ compare
  6. 56 Nigeria 4.07 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Malaysia

All data for Malaysia →

Frequently asked questions

What is military spending in Malaysia?
Military spending in Malaysia was 4.68 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 Malaysia?
The highest recorded value was 5.52 billion constant 2022 US$ in 2013.
What is the lowest military spending recorded in Malaysia?
The lowest recorded value was 301.29 million constant 2022 US$ in 1961.
How does Malaysia rank for military spending?
Malaysia ranks 53rd out of 172 countries with data for 2023.
Is military spending rising or falling in Malaysia?
Over the last ten years it is down 15.3%. The long-run trend across the full record is volatile.
Where does this Malaysia 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 — 67 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.