Military spending per armed forces personnel in India

India: Military spending per armed forces personnel was 26,144 constant 2024 US$ in 2020. ▲ Rising

Latest (2020)
26,144 constant 2024 US$
Change on year
down 0.1%
World rank
80th
of 160 countries
All-time high
26,183 constant 2024 US$
in 2019
All-time low
10,441 constant 2024 US$
in 1996
Years of data
33
1985–2020

Military spending per armed forces personnel in India, 1985–2020

010.0k20.0k30.0k1985200220201985: 12.8k constant 2024 US$1989: 17.6k constant 2024 US$1990: 17.4k constant 2024 US$1991: 16.1k constant 2024 US$1992: 15.4k constant 2024 US$1993: 17.4k constant 2024 US$1994: 17.4k constant 2024 US$1995: 10.6k constant 2024 US$1996: 10.4k constant 2024 US$1997: 11.5k constant 2024 US$1998: 11.8k constant 2024 US$1999: 13.8k constant 2024 US$2000: 13.6k constant 2024 US$2001: 14.1k constant 2024 US$2002: 13.9k constant 2024 US$2003: 14.0k constant 2024 US$2004: 15.0k constant 2024 US$2005: 13.8k constant 2024 US$2006: 16.3k constant 2024 US$2007: 16.6k constant 2024 US$2008: 18.8k constant 2024 US$2009: 21.7k constant 2024 US$2010: 21.8k constant 2024 US$2011: 21.9k constant 2024 US$2012: 21.1k constant 2024 US$2013: 20.9k constant 2024 US$2014: 22.0k constant 2024 US$2015: 21.8k constant 2024 US$2016: 22.5k constant 2024 US$2017: 23.7k constant 2024 US$2018: 24.6k constant 2024 US$2019: 26.2k constant 2024 US$2020: 26.1k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

India recorded 26,144 constant 2024 US$ for military spending per armed forces personnel in 2020.

That represents a change of down 0.1% on the previous year and up 19.7% over ten years.

Over the whole period, military spending per armed forces personnel in India peaked at 26,183 constant 2024 US$ in 2019 and was at its lowest, 10,441 constant 2024 US$, in 1996.

That places India 80th out of 160 countries with data for 2020, putting it in the middle of the range.

The long-run direction has been consistently rising across the 33 years of available data.

Military spending per armed forces personnel in India, year by year

Annual values for Military spending per armed forces personnel in India, 1985 to 2020.
Year constant 2024 US$ Change
1985 12,821 constant 2024 US$
1989 17,615 constant 2024 US$ +37.4%
1990 17,351 constant 2024 US$ -1.5%
1991 16,073 constant 2024 US$ -7.4%
1992 15,361 constant 2024 US$ -4.4%
1993 17,350 constant 2024 US$ +12.9%
1994 17,427 constant 2024 US$ +0.4%
1995 10,605 constant 2024 US$ -39.1%
1996 10,441 constant 2024 US$ -1.6%
1997 11,506 constant 2024 US$ +10.2%
1998 11,835 constant 2024 US$ +2.9%
1999 13,766 constant 2024 US$ +16.3%
2000 13,552 constant 2024 US$ -1.6%
2001 14,139 constant 2024 US$ +4.3%
2002 13,888 constant 2024 US$ -1.8%
2003 14,040 constant 2024 US$ +1.1%
2004 15,048 constant 2024 US$ +7.2%
2005 13,754 constant 2024 US$ -8.6%
2006 16,319 constant 2024 US$ +18.6%
2007 16,599 constant 2024 US$ +1.7%
2008 18,784 constant 2024 US$ +13.2%
2009 21,748 constant 2024 US$ +15.8%
2010 21,835 constant 2024 US$ +0.4%
2011 21,856 constant 2024 US$ +0.1%
2012 21,096 constant 2024 US$ -3.5%
2013 20,948 constant 2024 US$ -0.7%
2014 21,969 constant 2024 US$ +4.9%
2015 21,789 constant 2024 US$ -0.8%
2016 22,543 constant 2024 US$ +3.5%
2017 23,733 constant 2024 US$ +5.3%
2018 24,606 constant 2024 US$ +3.7%
2019 26,183 constant 2024 US$ +6.4%
2020 26,144 constant 2024 US$ -0.1%

India compared with similar countries

  • India's 26,144 constant 2024 US$ is above the median for lower middle income countries, which is 15,998 constant 2024 US$, 1.6× the median. (39 countries reporting)

Biggest year-on-year movements

Years where Military spending per armed forces personnel in India 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
1995 -39.1% 17,427 constant 2024 US$ 10,605 constant 2024 US$
1989 +37.4% 12,821 constant 2024 US$ 17,615 constant 2024 US$

Averages by decade

DecadeAverage LowestHighest Years
1980s 15,218 constant 2024 US$ 12,821 constant 2024 US$ 17,615 constant 2024 US$ 2
1990s 14,171 constant 2024 US$ 10,441 constant 2024 US$ 17,427 constant 2024 US$ 10
2000s 15,787 constant 2024 US$ 13,552 constant 2024 US$ 21,748 constant 2024 US$ 10
2010s 22,656 constant 2024 US$ 20,948 constant 2024 US$ 26,183 constant 2024 US$ 10
2020s 26,144 constant 2024 US$ 26,144 constant 2024 US$ 26,144 constant 2024 US$ 1

Countries ranked near India

  1. 77 Niger 27,682 constant 2024 US$ compare
  2. 78 Colombia 27,488 constant 2024 US$ compare
  3. 79 Congo 26,596 constant 2024 US$ compare
  4. 81 Uzbekistan 26,062 constant 2024 US$ compare
  5. 82 Guinea 25,814 constant 2024 US$ compare
  6. 83 Cote d'Ivoire 25,258 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for India

All data for India →

Frequently asked questions

What is military spending per armed forces personnel in India?
Military spending per armed forces personnel in India was 26,144 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in India?
The highest recorded value was 26,183 constant 2024 US$ in 2019.
What is the lowest military spending per armed forces personnel recorded in India?
The lowest recorded value was 10,441 constant 2024 US$ in 1996.
How does India rank for military spending per armed forces personnel?
India ranks 80th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in India?
Over the last ten years it is up 19.7%. The long-run trend across the full record is rising.
Where does this India data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (Our World in Data).

Share, cite or embed this page

Cite this page

Military spending per armed forces personnel in India. Statizoid, drawing on Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/military-spending-per-armed-forces-personnel/india/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (Our World in Data); please keep the attribution.

<a href="https://reference.statizoid.com/stat/military-spending-per-armed-forces-personnel/india/">Military spending per armed forces personnel in India</a> — Statizoid

About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.