Military spending in Malta

Malta: Military spending was 118.50 million constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
118.50 million constant 2022 US$
Change on year
up 10.7%
Rank
144th
of 172 regions
All-time high
118.50 million constant 2022 US$
in 2023
All-time low
4.51 million constant 2022 US$
in 1970
Years of data
60
1964–2023

Military spending in Malta, 1964–2023

025.0M50.0M75.0M100.0M125.0M196419932023

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

Analysis

Malta recorded 118.50 million constant 2022 US$ for military spending in 2023. That is the highest value across all 60 years on record.

Compared with earlier readings it is up 10.7% on the previous year and up 87.2% over ten years.

Over the whole period, military spending in Malta peaked at 118.50 million constant 2022 US$ in 2023 and was at its lowest, 4.51 million constant 2022 US$, in 1970.

That places Malta 144th out of 172 regions with data for 2023, putting it in the bottom quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
1960s 5.70 million constant 2022 US$ 4.91 million constant 2022 US$ 6.55 million constant 2022 US$ 6
1970s 9.41 million constant 2022 US$ 4.51 million constant 2022 US$ 16.92 million constant 2022 US$ 10
1980s 32.20 million constant 2022 US$ 16.09 million constant 2022 US$ 40.87 million constant 2022 US$ 10
1990s 44.28 million constant 2022 US$ 34.20 million constant 2022 US$ 50.60 million constant 2022 US$ 10
2000s 59.63 million constant 2022 US$ 47.08 million constant 2022 US$ 66.88 million constant 2022 US$ 10
2010s 71.67 million constant 2022 US$ 62.51 million constant 2022 US$ 97.01 million constant 2022 US$ 10
2020s 108.89 million constant 2022 US$ 102.83 million constant 2022 US$ 118.50 million constant 2022 US$ 4

Countries ranked near Malta

  1. 141 Burundi 136.95 million constant 2022 US$ compare
  2. 142 Madagascar 124.17 million constant 2022 US$ compare
  3. 143 Montenegro 120.89 million constant 2022 US$ compare
  4. 145 Bahamas 118.22 million constant 2022 US$ compare
  5. 146 Papua New Guinea 116.43 million constant 2022 US$ compare
  6. 147 Nicaragua 110.71 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Malta

All data for Malta →

Frequently asked questions

What is military spending in Malta?
Military spending in Malta was 118.50 million 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 Malta?
The highest recorded value was 118.50 million constant 2022 US$ in 2023.
What is the lowest military spending recorded in Malta?
The lowest recorded value was 4.51 million constant 2022 US$ in 1970.
How does Malta rank for military spending?
Malta ranks 144th out of 172 regions with data for 2023.
Is military spending rising or falling in Malta?
Over the last ten years it is up 87.2%. The long-run trend across the full record is volatile.
Where does this Malta 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 — 60 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.