Military spending in Iran

Iran: Military spending was 7.45 billion constant 2024 US$ in 2025. ◆ Volatile

Latest (2025)
7.45 billion constant 2024 US$
Change on year
down 5.6%
World rank
40th
of 162 countries
All-time high
10.56 billion constant 2024 US$
in 1976
All-time low
324.30 million constant 2024 US$
in 1960
Years of data
66
1960–2025

Military spending in Iran, 1960–2025

02.5B5.0B7.5B10.0B196019922025

Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.

Analysis

The most recent figure for military spending in Iran is 7.45 billion constant 2024 US$, measured in 2025.

Compared with earlier readings it is down 5.6% on the previous year and up 13.8% over ten years.

Over the whole period, military spending in Iran peaked at 10.56 billion constant 2024 US$ in 1976 and was at its lowest, 324.30 million constant 2024 US$, in 1960.

Iran ranks 40th of 162 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1960s 708.51 million constant 2024 US$ 324.30 million constant 2024 US$ 1.59 billion constant 2024 US$ 10
1970s 5.35 billion constant 2024 US$ 928.86 million constant 2024 US$ 10.56 billion constant 2024 US$ 10
1980s 4.55 billion constant 2024 US$ 2.61 billion constant 2024 US$ 6.08 billion constant 2024 US$ 10
1990s 2.59 billion constant 2024 US$ 1.81 billion constant 2024 US$ 3.20 billion constant 2024 US$ 10
2000s 6.43 billion constant 2024 US$ 3.52 billion constant 2024 US$ 9.06 billion constant 2024 US$ 10
2010s 7.22 billion constant 2024 US$ 6.16 billion constant 2024 US$ 8.53 billion constant 2024 US$ 10
2020s 7.84 billion constant 2024 US$ 6.54 billion constant 2024 US$ 8.83 billion constant 2024 US$ 6

Countries ranked near Iran

  1. 37 Kuwait 7.92 billion constant 2024 US$ compare
  2. 38 Greece 7.81 billion constant 2024 US$ compare
  3. 39 Finland 7.61 billion constant 2024 US$ compare
  4. 41 Switzerland 7.15 billion constant 2024 US$ compare
  5. 42 Czechia 6.49 billion constant 2024 US$ compare
  6. 43 Iraq 6.40 billion constant 2024 US$ compare

See the full ranking of 162 places →

More reference data data for Iran

All data for Iran →

Frequently asked questions

What is military spending in Iran?
Military spending in Iran was 7.45 billion constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
What is the highest military spending recorded in Iran?
The highest recorded value was 10.56 billion constant 2024 US$ in 1976.
What is the lowest military spending recorded in Iran?
The lowest recorded value was 324.30 million constant 2024 US$ in 1960.
How does Iran rank for military spending?
Iran ranks 40th out of 162 countries with data for 2025.
Is military spending rising or falling in Iran?
Over the last ten years it is up 13.8%. The long-run trend across the full record is volatile.
Where does this Iran data come from?
The figures come from Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
162 places, 8,341 data points, 1949–2025
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.