Military spending gmsd in Taiwan

Taiwan: Military spending gmsd was 19.60 billion in 2023. ◆ Volatile

Latest (2023)
19.60 billion
Change on year
up 10.2%
World rank
20th
of 172 countries
All-time high
19.93 billion
in 1996
All-time low
551.98 million
in 1954
Years of data
75
1949–2023

Military spending gmsd in Taiwan, 1949–2023

05.0B10.0B15.0B20.0B194919862023

Source: Our World in Data.

Analysis

Taiwan recorded 19.60 billion for military spending gmsd in 2023.

Compared with earlier readings it is up 10.2% on the previous year and up 66.5% over ten years.

Over the whole period, military spending gmsd in Taiwan peaked at 19.93 billion in 1996 and was at its lowest, 551.98 million, in 1954.

That places Taiwan 20th 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.

Military spending gmsd in Taiwan, year by year

Annual values for Military spending gmsd in Taiwan, 1949 to 2023.
Year Value Change
1949 660.37 million —
1950 749.12 million +13.4%
1951 776.46 million +3.7%
1952 840.38 million +8.2%
1953 912.68 million +8.6%
1954 551.98 million -39.5%
1955 1.01 billion +83.8%
1956 1.07 billion +5.5%
1957 1.12 billion +4.9%
1958 1.77 billion +57.9%
1959 1.55 billion -12.9%
1960 1.43 billion -7.4%
1961 1.27 billion -11.5%
1962 1.20 billion -5.1%
1963 1.11 billion -7.8%
1964 1.11 billion -0.2%
1965 1.25 billion +12.8%
1966 1.44 billion +15.4%
1967 1.76 billion +22.5%
1968 2.19 billion +24.1%
1969 2.54 billion +16.1%
1970 3.01 billion +18.4%
1971 3.55 billion +18.0%
1972 3.65 billion +3.1%
1973 3.80 billion +3.9%
1974 3.92 billion +3.1%
1975 4.20 billion +7.3%
1976 4.84 billion +15.2%
1977 5.52 billion +13.9%
1978 6.34 billion +14.9%
1979 8.19 billion +29.2%
1980 8.68 billion +5.9%
1981 8.35 billion -3.8%
1982 8.70 billion +4.3%
1983 9.29 billion +6.8%
1984 10.08 billion +8.4%
1985 10.91 billion +8.2%
1986 11.87 billion +8.9%
1987 11.83 billion -0.3%
1988 13.63 billion +15.2%
1989 14.87 billion +9.1%
1990 15.32 billion +3.0%
1991 15.93 billion +4.0%
1992 17.53 billion +10.0%
1993 18.97 billion +8.2%
1994 19.80 billion +4.4%
1995 19.34 billion -2.3%
1996 19.93 billion +3.1%
1997 19.32 billion -3.1%
1998 19.37 billion +0.3%
1999 18.13 billion -6.4%
2000 17.11 billion -5.6%
2001 14.32 billion -16.4%
2002 12.06 billion -15.8%
2003 10.11 billion -16.2%
2004 10.81 billion +6.9%
2005 10.62 billion -1.7%
2006 10.82 billion +1.8%
2007 11.28 billion +4.3%
2008 11.74 billion +4.1%
2009 11.11 billion -5.4%
2010 11.25 billion +1.3%
2011 11.82 billion +5.1%
2012 12.06 billion +2.1%
2013 11.78 billion -2.4%
2014 11.22 billion -4.8%
2015 11.83 billion +5.5%
2016 11.66 billion -1.5%
2017 12.52 billion +7.4%
2018 13.99 billion +11.8%
2019 14.35 billion +2.6%
2020 15.70 billion +9.4%
2021 16.40 billion +4.5%
2022 17.80 billion +8.5%
2023 19.60 billion +10.2%

Biggest year-on-year movements

Years where Military spending gmsd in Taiwan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1955 +83.8% 551.98 million 1.01 billion
1958 +57.9% 1.12 billion 1.77 billion

Averages by decade

DecadeAverage LowestHighest Years
1940s 660.37 million 660.37 million 660.37 million 1
1950s 1.04 billion 551.98 million 1.77 billion 10
1960s 1.53 billion 1.11 billion 2.54 billion 10
1970s 4.70 billion 3.01 billion 8.19 billion 10
1980s 10.82 billion 8.35 billion 14.87 billion 10
1990s 18.37 billion 15.32 billion 19.93 billion 10
2000s 12.00 billion 10.11 billion 17.11 billion 10
2010s 12.25 billion 11.22 billion 14.35 billion 10
2020s 17.38 billion 15.70 billion 19.60 billion 4

Countries ranked near Taiwan

  1. 17 Poland 26.65 billion compare
  2. 18 Spain 26.09 billion compare
  3. 19 United Arab Emirates 24.89 billion compare
  4. 21 Netherlands 18.59 billion compare
  5. 22 Turkey 17.27 billion compare
  6. 23 Algeria 16.20 billion compare

See the full ranking of 172 places →

More reference data data for Taiwan

All data for Taiwan →

Frequently asked questions

What is military spending gmsd in Taiwan?
Military spending gmsd in Taiwan was 19.60 billion in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Taiwan?
The highest recorded value was 19.93 billion in 1996.
What is the lowest military spending gmsd recorded in Taiwan?
The lowest recorded value was 551.98 million in 1954.
How does Taiwan rank for military spending gmsd?
Taiwan ranks 20th out of 172 countries with data for 2023.
Is military spending gmsd rising or falling in Taiwan?
Over the last ten years it is up 66.5%. The long-run trend across the full record is volatile.
Where does this Taiwan data come from?
The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Taiwan. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/taiwan/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed