Military spending, per unit of GDP in India

India: Military spending, per unit of GDP was 0.0272 constant 2022 US$ per US$ of GDP in 2023. ◆ Volatile

Latest (2023)
0.0272 constant 2022 US$ per US$ of GDP
Change on year
down 4.9%
World rank
42nd
of 170 countries
All-time high
0.2334 constant 2022 US$ per US$ of GDP
in 1966
All-time low
0.0243 constant 2022 US$ per US$ of GDP
in 2011
Years of data
64
1960–2023

Military spending, per unit of GDP in India, 1960–2023

00.050.10.150.20.25196019912023

Source: Statizoid (derived). Measured in constant 2022 US$ per US$ of GDP.

Analysis

India recorded 0.0272 constant 2022 US$ per US$ of GDP for military spending, per unit of gdp in 2023.

The figure is down 4.9% on the previous year and up 5.8% over ten years.

Over the whole period, military spending, per unit of gdp in India peaked at 0.2334 constant 2022 US$ per US$ of GDP in 1966 and was at its lowest, 0.0243 constant 2022 US$ per US$ of GDP, in 2011.

That places India 42nd out of 170 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, per unit of GDP in India, year by year

Annual values for Military spending, per unit of GDP in India, 1960 to 2023.
Year constant 2022 US$ per US$ of GDP Change
1960 0.1198 constant 2022 US$ per US$ of GDP
1961 0.1252 constant 2022 US$ per US$ of GDP +4.5%
1962 0.1938 constant 2022 US$ per US$ of GDP +54.8%
1963 0.2185 constant 2022 US$ per US$ of GDP +12.7%
1964 0.1984 constant 2022 US$ per US$ of GDP -9.2%
1965 0.2096 constant 2022 US$ per US$ of GDP +5.6%
1966 0.2334 constant 2022 US$ per US$ of GDP +11.4%
1967 0.193 constant 2022 US$ per US$ of GDP -17.3%
1968 0.1728 constant 2022 US$ per US$ of GDP -10.5%
1969 0.1562 constant 2022 US$ per US$ of GDP -9.6%
1970 0.1501 constant 2022 US$ per US$ of GDP -3.9%
1971 0.1689 constant 2022 US$ per US$ of GDP +12.5%
1972 0.1554 constant 2022 US$ per US$ of GDP -8.0%
1973 0.1186 constant 2022 US$ per US$ of GDP -23.7%
1974 0.101 constant 2022 US$ per US$ of GDP -14.8%
1975 0.1109 constant 2022 US$ per US$ of GDP +9.8%
1976 0.1046 constant 2022 US$ per US$ of GDP -5.7%
1977 0.0926 constant 2022 US$ per US$ of GDP -11.5%
1978 0.0822 constant 2022 US$ per US$ of GDP -11.2%
1979 0.0783 constant 2022 US$ per US$ of GDP -4.7%
1980 0.0654 constant 2022 US$ per US$ of GDP -16.4%
1981 0.0634 constant 2022 US$ per US$ of GDP -3.1%
1982 0.0654 constant 2022 US$ per US$ of GDP +3.1%
1983 0.0603 constant 2022 US$ per US$ of GDP -7.7%
1984 0.0637 constant 2022 US$ per US$ of GDP +5.7%
1985 0.0576 constant 2022 US$ per US$ of GDP -9.6%
1986 0.0606 constant 2022 US$ per US$ of GDP +5.3%
1987 0.0587 constant 2022 US$ per US$ of GDP -3.1%
1988 0.0546 constant 2022 US$ per US$ of GDP -7.0%
1989 0.0522 constant 2022 US$ per US$ of GDP -4.5%
1990 0.0479 constant 2022 US$ per US$ of GDP -8.3%
1991 0.05 constant 2022 US$ per US$ of GDP +4.4%
1992 0.0483 constant 2022 US$ per US$ of GDP -3.3%
1993 0.0522 constant 2022 US$ per US$ of GDP +8.0%
1994 0.0469 constant 2022 US$ per US$ of GDP -10.1%
1995 0.048 constant 2022 US$ per US$ of GDP +2.3%
1996 0.0461 constant 2022 US$ per US$ of GDP -3.9%
1997 0.0502 constant 2022 US$ per US$ of GDP +9.0%
1998 0.0518 constant 2022 US$ per US$ of GDP +3.1%
1999 0.0505 constant 2022 US$ per US$ of GDP -2.4%
2000 0.0528 constant 2022 US$ per US$ of GDP +4.5%
2001 0.0459 constant 2022 US$ per US$ of GDP -13.0%
2002 0.0432 constant 2022 US$ per US$ of GDP -6.0%
2003 0.037 constant 2022 US$ per US$ of GDP -14.2%
2004 0.0415 constant 2022 US$ per US$ of GDP +12.2%
2005 0.0364 constant 2022 US$ per US$ of GDP -12.3%
2006 0.0343 constant 2022 US$ per US$ of GDP -5.7%
2007 0.0287 constant 2022 US$ per US$ of GDP -16.4%
2008 0.0332 constant 2022 US$ per US$ of GDP +15.5%
2009 0.0315 constant 2022 US$ per US$ of GDP -5.0%
2010 0.0256 constant 2022 US$ per US$ of GDP -18.9%
2011 0.0243 constant 2022 US$ per US$ of GDP -4.8%
2012 0.0246 constant 2022 US$ per US$ of GDP +0.9%
2013 0.0257 constant 2022 US$ per US$ of GDP +4.8%
2014 0.0262 constant 2022 US$ per US$ of GDP +1.9%
2015 0.0277 constant 2022 US$ per US$ of GDP +5.8%
2016 0.0264 constant 2022 US$ per US$ of GDP -4.9%
2017 0.0272 constant 2022 US$ per US$ of GDP +3.3%
2018 0.0288 constant 2022 US$ per US$ of GDP +5.5%
2019 0.0292 constant 2022 US$ per US$ of GDP +1.4%
2020 0.0323 constant 2022 US$ per US$ of GDP +10.9%
2021 0.0296 constant 2022 US$ per US$ of GDP -8.5%
2022 0.0286 constant 2022 US$ per US$ of GDP -3.2%
2023 0.0272 constant 2022 US$ per US$ of GDP -4.9%

India compared with similar countries

  • India's 0.0272 constant 2022 US$ per US$ of GDP is above the median for lower middle income countries, which is 0.0153 constant 2022 US$ per US$ of GDP, 1.8× the median. (42 countries reporting)
  • India's 0.0272 constant 2022 US$ per US$ of GDP is above the median for South Asia, which is 0.0141 constant 2022 US$ per US$ of GDP, 1.9× the median. (6 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1960s 0.1821 constant 2022 US$ per US$ of GDP 0.1198 constant 2022 US$ per US$ of GDP 0.2334 constant 2022 US$ per US$ of GDP 10
1970s 0.1163 constant 2022 US$ per US$ of GDP 0.0783 constant 2022 US$ per US$ of GDP 0.1689 constant 2022 US$ per US$ of GDP 10
1980s 0.0602 constant 2022 US$ per US$ of GDP 0.0522 constant 2022 US$ per US$ of GDP 0.0654 constant 2022 US$ per US$ of GDP 10
1990s 0.0492 constant 2022 US$ per US$ of GDP 0.0461 constant 2022 US$ per US$ of GDP 0.0522 constant 2022 US$ per US$ of GDP 10
2000s 0.0385 constant 2022 US$ per US$ of GDP 0.0287 constant 2022 US$ per US$ of GDP 0.0528 constant 2022 US$ per US$ of GDP 10
2010s 0.0266 constant 2022 US$ per US$ of GDP 0.0243 constant 2022 US$ per US$ of GDP 0.0292 constant 2022 US$ per US$ of GDP 10
2020s 0.0294 constant 2022 US$ per US$ of GDP 0.0272 constant 2022 US$ per US$ of GDP 0.0323 constant 2022 US$ per US$ of GDP 4

Countries ranked near India

  1. 39 Estonia 0.0287 constant 2022 US$ per US$ of GDP compare
  2. 40 East Timor 0.0275 constant 2022 US$ per US$ of GDP compare
  3. 41 Mauritania 0.0275 constant 2022 US$ per US$ of GDP compare
  4. 43 Lithuania 0.027 constant 2022 US$ per US$ of GDP compare
  5. 44 Ecuador 0.0258 constant 2022 US$ per US$ of GDP compare
  6. 45 Latvia 0.0257 constant 2022 US$ per US$ of GDP compare

See the full ranking of 170 places →

More reference data data for India

All data for India →

Frequently asked questions

What is military spending, per unit of gdp in India?
Military spending, per unit of gdp in India was 0.0272 constant 2022 US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest military spending, per unit of gdp recorded in India?
The highest recorded value was 0.2334 constant 2022 US$ per US$ of GDP in 1966.
What is the lowest military spending, per unit of gdp recorded in India?
The lowest recorded value was 0.0243 constant 2022 US$ per US$ of GDP in 2011.
How does India rank for military spending, per unit of gdp?
India ranks 42nd out of 170 countries with data for 2023.
Is military spending, per unit of gdp rising or falling in India?
Over the last ten years it is up 5.8%. The long-run trend across the full record is volatile.
Where does this India data come from?
The figures come from Statizoid (derived), published as part of Military spending, per unit of GDP. Statizoid updates them automatically from the source API.

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Military spending, per unit of GDP in India. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-per-unit-of-gdp-2/india/

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How this figure is calculated

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, per unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.