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.

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.

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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.