Military spending in Thailand

Thailand: Military spending was 7.79 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
7.79 billion constant 2022 US$
Change on year
up 0.3%
World rank
37th
of 172 countries
All-time high
8.80 billion constant 2022 US$
in 2021
All-time low
33.75 million constant 2022 US$
in 1893
Years of data
137
1887–2023

Military spending in Thailand, 1887–2023

02.0B4.0B6.0B8.0B188719552023

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

Analysis

Thailand recorded 7.79 billion constant 2022 US$ for military spending in 2023.

Compared with earlier readings it is up 0.3% on the previous year and up 15.6% over ten years.

Over the whole period, military spending in Thailand peaked at 8.80 billion constant 2022 US$ in 2021 and was at its lowest, 33.75 million constant 2022 US$, in 1893.

That places Thailand 37th 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 in Thailand, year by year

Annual values for Military spending in Thailand, 1887 to 2023.
Year constant 2022 US$ Change
1887 34.85 million constant 2022 US$
1888 35.12 million constant 2022 US$ +0.8%
1889 36.67 million constant 2022 US$ +4.4%
1890 39.19 million constant 2022 US$ +6.9%
1891 34.92 million constant 2022 US$ -10.9%
1892 35.62 million constant 2022 US$ +2.0%
1893 33.75 million constant 2022 US$ -5.2%
1894 35.31 million constant 2022 US$ +4.6%
1895 37.82 million constant 2022 US$ +7.1%
1896 36.65 million constant 2022 US$ -3.1%
1897 38.66 million constant 2022 US$ +5.5%
1898 35.67 million constant 2022 US$ -7.7%
1899 35.50 million constant 2022 US$ -0.5%
1900 37.79 million constant 2022 US$ +6.5%
1901 36.50 million constant 2022 US$ -3.4%
1902 40.29 million constant 2022 US$ +10.4%
1903 50.35 million constant 2022 US$ +25.0%
1904 69.02 million constant 2022 US$ +37.1%
1905 88.20 million constant 2022 US$ +27.8%
1906 102.74 million constant 2022 US$ +16.5%
1907 110.84 million constant 2022 US$ +7.9%
1908 115.66 million constant 2022 US$ +4.4%
1909 131.81 million constant 2022 US$ +14.0%
1910 131.18 million constant 2022 US$ -0.5%
1911 121.29 million constant 2022 US$ -7.5%
1912 119.86 million constant 2022 US$ -1.2%
1913 155.12 million constant 2022 US$ +29.4%
1914 130.27 million constant 2022 US$ -16.0%
1915 144.09 million constant 2022 US$ +10.6%
1916 145.42 million constant 2022 US$ +0.9%
1917 122.39 million constant 2022 US$ -15.8%
1918 114.91 million constant 2022 US$ -6.1%
1919 95.80 million constant 2022 US$ -16.6%
1920 81.02 million constant 2022 US$ -15.4%
1921 100.25 million constant 2022 US$ +23.7%
1922 108.20 million constant 2022 US$ +7.9%
1923 105.21 million constant 2022 US$ -2.8%
1924 103.62 million constant 2022 US$ -1.5%
1925 113.20 million constant 2022 US$ +9.2%
1926 119.99 million constant 2022 US$ +6.0%
1927 122.93 million constant 2022 US$ +2.4%
1928 128.82 million constant 2022 US$ +4.8%
1929 123.89 million constant 2022 US$ -3.8%
1930 124.36 million constant 2022 US$ +0.4%
1931 110.34 million constant 2022 US$ -11.3%
1932 104.98 million constant 2022 US$ -4.9%
1933 103.55 million constant 2022 US$ -1.4%
1934 145.11 million constant 2022 US$ +40.1%
1935 159.14 million constant 2022 US$ +9.7%
1936 172.93 million constant 2022 US$ +8.7%
1937 181.44 million constant 2022 US$ +4.9%
1938 192.65 million constant 2022 US$ +6.2%
1939 183.50 million constant 2022 US$ -4.7%
1940 166.26 million constant 2022 US$ -9.4%
1941 285.05 million constant 2022 US$ +71.4%
1942 232.30 million constant 2022 US$ -18.5%
1943 212.13 million constant 2022 US$ -8.7%
1944 190.85 million constant 2022 US$ -10.0%
1945 189.93 million constant 2022 US$ -0.5%
1946 147.63 million constant 2022 US$ -22.3%
1947 146.46 million constant 2022 US$ -0.8%
1948 192.06 million constant 2022 US$ +31.1%
1949 238.74 million constant 2022 US$ +24.3%
1950 216.41 million constant 2022 US$ -9.4%
1951 215.00 million constant 2022 US$ -0.7%
1952 408.12 million constant 2022 US$ +89.8%
1953 508.64 million constant 2022 US$ +24.6%
1954 430.91 million constant 2022 US$ -15.3%
1955 388.73 million constant 2022 US$ -9.8%
1956 417.12 million constant 2022 US$ +7.3%
1957 574.07 million constant 2022 US$ +37.6%
1958 566.40 million constant 2022 US$ -1.3%
1959 522.70 million constant 2022 US$ -7.7%
1960 513.32 million constant 2022 US$ -1.8%
1961 515.46 million constant 2022 US$ +0.4%
1962 577.55 million constant 2022 US$ +12.0%
1963 576.75 million constant 2022 US$ -0.1%
1964 650.88 million constant 2022 US$ +12.9%
1965 662.46 million constant 2022 US$ +1.8%
1966 680.16 million constant 2022 US$ +2.7%
1967 815.37 million constant 2022 US$ +19.9%
1968 957.62 million constant 2022 US$ +17.4%
1969 1.14 billion constant 2022 US$ +19.2%
1970 1.36 billion constant 2022 US$ +19.4%
1971 1.49 billion constant 2022 US$ +9.3%
1972 1.60 billion constant 2022 US$ +7.6%
1973 1.53 billion constant 2022 US$ -4.3%
1974 1.55 billion constant 2022 US$ +0.9%
1975 1.83 billion constant 2022 US$ +18.5%
1976 2.02 billion constant 2022 US$ +10.0%
1977 2.26 billion constant 2022 US$ +12.2%
1978 2.54 billion constant 2022 US$ +12.2%
1979 3.09 billion constant 2022 US$ +21.7%
1980 3.09 billion constant 2022 US$ -0.1%
1981 3.40 billion constant 2022 US$ +10.2%
1982 3.64 billion constant 2022 US$ +7.0%
1983 3.81 billion constant 2022 US$ +4.7%
1984 3.81 billion constant 2022 US$ +0.1%
1985 3.74 billion constant 2022 US$ -1.8%
1986 3.76 billion constant 2022 US$ +0.7%
1987 3.71 billion constant 2022 US$ -1.4%
1988 3.71 billion constant 2022 US$ -0.1%
1989 3.64 billion constant 2022 US$ -1.8%
1990 3.90 billion constant 2022 US$ +7.1%
1991 4.34 billion constant 2022 US$ +11.1%
1992 4.91 billion constant 2022 US$ +13.2%
1993 5.51 billion constant 2022 US$ +12.3%
1994 5.76 billion constant 2022 US$ +4.6%
1995 6.01 billion constant 2022 US$ +4.4%
1996 5.87 billion constant 2022 US$ -2.4%
1997 5.27 billion constant 2022 US$ -10.3%
1998 4.19 billion constant 2022 US$ -20.5%
1999 3.88 billion constant 2022 US$ -7.3%
2000 4.15 billion constant 2022 US$ +6.8%
2001 4.68 billion constant 2022 US$ +12.8%
2002 3.06 billion constant 2022 US$ -34.6%
2003 2.89 billion constant 2022 US$ -5.4%
2004 2.87 billion constant 2022 US$ -0.7%
2005 2.82 billion constant 2022 US$ -2.0%
2006 3.12 billion constant 2022 US$ +10.9%
2007 3.99 billion constant 2022 US$ +27.8%
2008 4.79 billion constant 2022 US$ +20.0%
2009 5.46 billion constant 2022 US$ +14.0%
2010 5.93 billion constant 2022 US$ +8.6%
2011 6.09 billion constant 2022 US$ +2.7%
2012 6.34 billion constant 2022 US$ +4.1%
2013 6.74 billion constant 2022 US$ +6.2%
2014 6.91 billion constant 2022 US$ +2.5%
2015 6.47 billion constant 2022 US$ -6.3%
2016 6.96 billion constant 2022 US$ +7.6%
2017 7.34 billion constant 2022 US$ +5.4%
2018 8.42 billion constant 2022 US$ +14.6%
2019 8.80 billion constant 2022 US$ +4.6%
2020 8.57 billion constant 2022 US$ -2.6%
2021 8.80 billion constant 2022 US$ +2.7%
2022 7.76 billion constant 2022 US$ -11.8%
2023 7.79 billion constant 2022 US$ +0.3%

Thailand compared with similar countries

  • Thailand's 7.79 billion constant 2022 US$ is above the median for upper middle income countries, which is 1.25 billion constant 2022 US$, 6.2× the median. (49 countries reporting)
  • Thailand's 7.79 billion constant 2022 US$ is above the median for East Asia & Pacific, which is 4.15 billion constant 2022 US$, 1.9× the median. (20 countries reporting)

Biggest year-on-year movements

Years where Military spending in Thailand 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
1952 +89.8% 215.00 million constant 2022 US$ 408.12 million constant 2022 US$
1941 +71.4% 166.26 million constant 2022 US$ 285.05 million constant 2022 US$

Averages by decade

DecadeAverage LowestHighest Years
1880s 35.54 million constant 2022 US$ 34.85 million constant 2022 US$ 36.67 million constant 2022 US$ 3
1890s 36.31 million constant 2022 US$ 33.75 million constant 2022 US$ 39.19 million constant 2022 US$ 10
1900s 78.32 million constant 2022 US$ 36.50 million constant 2022 US$ 131.81 million constant 2022 US$ 10
1910s 128.03 million constant 2022 US$ 95.80 million constant 2022 US$ 155.12 million constant 2022 US$ 10
1920s 110.71 million constant 2022 US$ 81.02 million constant 2022 US$ 128.82 million constant 2022 US$ 10
1930s 147.80 million constant 2022 US$ 103.55 million constant 2022 US$ 192.65 million constant 2022 US$ 10
1940s 200.14 million constant 2022 US$ 146.46 million constant 2022 US$ 285.05 million constant 2022 US$ 10
1950s 424.81 million constant 2022 US$ 215.00 million constant 2022 US$ 574.07 million constant 2022 US$ 10
1960s 709.10 million constant 2022 US$ 513.32 million constant 2022 US$ 1.14 billion constant 2022 US$ 10
1970s 1.93 billion constant 2022 US$ 1.36 billion constant 2022 US$ 3.09 billion constant 2022 US$ 10
1980s 3.63 billion constant 2022 US$ 3.09 billion constant 2022 US$ 3.81 billion constant 2022 US$ 10
1990s 4.96 billion constant 2022 US$ 3.88 billion constant 2022 US$ 6.01 billion constant 2022 US$ 10
2000s 3.78 billion constant 2022 US$ 2.82 billion constant 2022 US$ 5.46 billion constant 2022 US$ 10
2010s 7.00 billion constant 2022 US$ 5.93 billion constant 2022 US$ 8.80 billion constant 2022 US$ 10
2020s 8.23 billion constant 2022 US$ 7.76 billion constant 2022 US$ 8.80 billion constant 2022 US$ 4

Countries ranked near Thailand

  1. 34 Greece 9.38 billion constant 2022 US$ compare
  2. 35 Belgium 8.46 billion constant 2022 US$ compare
  3. 36 Denmark 8.01 billion constant 2022 US$ compare
  4. 38 Oman 7.65 billion constant 2022 US$ compare
  5. 39 Switzerland 7.40 billion constant 2022 US$ compare
  6. 40 Vietnam 6.74 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Thailand

All data for Thailand →

Frequently asked questions

What is military spending in Thailand?
Military spending in Thailand was 7.79 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 Thailand?
The highest recorded value was 8.80 billion constant 2022 US$ in 2021.
What is the lowest military spending recorded in Thailand?
The lowest recorded value was 33.75 million constant 2022 US$ in 1893.
How does Thailand rank for military spending?
Thailand ranks 37th out of 172 countries with data for 2023.
Is military spending rising or falling in Thailand?
Over the last ten years it is up 15.6%. The long-run trend across the full record is volatile.
Where does this Thailand 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.

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Military spending in Thailand. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/thailand/

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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.