Military spending in Philippines

Philippines: Military spending was 6.33 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
6.33 billion constant 2022 US$
Change on year
up 2.7%
World rank
44th
of 172 countries
All-time high
6.33 billion constant 2022 US$
in 2023
All-time low
180.02 million constant 2022 US$
in 1947
Years of data
78
1946–2023

Military spending in Philippines, 1946–2023

02.0B4.0B6.0B194619842023

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 Philippines stood at 6.33 billion constant 2022 US$. That is the highest value across all 78 years on record.

That represents a change of up 2.7% on the previous year and up 134.6% over ten years.

Over the whole period, military spending in Philippines peaked at 6.33 billion constant 2022 US$ in 2023 and was at its lowest, 180.02 million constant 2022 US$, in 1947.

Philippines ranks 44th of 172 countries on this measure, 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
1940s 277.03 million constant 2022 US$ 180.02 million constant 2022 US$ 412.75 million constant 2022 US$ 4
1950s 550.34 million constant 2022 US$ 455.39 million constant 2022 US$ 673.44 million constant 2022 US$ 10
1960s 593.92 million constant 2022 US$ 532.67 million constant 2022 US$ 692.47 million constant 2022 US$ 10
1970s 1.40 billion constant 2022 US$ 664.86 million constant 2022 US$ 2.24 billion constant 2022 US$ 10
1980s 1.59 billion constant 2022 US$ 1.03 billion constant 2022 US$ 2.07 billion constant 2022 US$ 10
1990s 2.19 billion constant 2022 US$ 1.73 billion constant 2022 US$ 2.46 billion constant 2022 US$ 10
2000s 1.72 billion constant 2022 US$ 1.35 billion constant 2022 US$ 2.16 billion constant 2022 US$ 10
2010s 3.15 billion constant 2022 US$ 2.45 billion constant 2022 US$ 4.80 billion constant 2022 US$ 10
2020s 5.96 billion constant 2022 US$ 5.44 billion constant 2022 US$ 6.33 billion constant 2022 US$ 4

Countries ranked near Philippines

  1. 41 Finland 6.73 billion constant 2022 US$ compare
  2. 42 Romania 6.50 billion constant 2022 US$ compare
  3. 43 Iraq 6.46 billion constant 2022 US$ compare
  4. 45 Chile 6.31 billion constant 2022 US$ compare
  5. 46 Morocco 6.18 billion constant 2022 US$ compare
  6. 47 Bangladesh 5.34 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is military spending in Philippines?
Military spending in Philippines was 6.33 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 Philippines?
The highest recorded value was 6.33 billion constant 2022 US$ in 2023.
What is the lowest military spending recorded in Philippines?
The lowest recorded value was 180.02 million constant 2022 US$ in 1947.
How does Philippines rank for military spending?
Philippines ranks 44th out of 172 countries with data for 2023.
Is military spending rising or falling in Philippines?
Over the last ten years it is up 134.6%. The long-run trend across the full record is volatile.
Where does this Philippines 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 — 78 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.