Military spending in Portugal

Portugal: Military spending was 5.50 billion constant 2024 US$ in 2025. ▲ Rising

Latest (2025)
5.50 billion constant 2024 US$
Change on year
up 21.7%
World rank
49th
of 162 countries
All-time high
5.50 billion constant 2024 US$
in 2025
All-time low
650.05 million constant 2024 US$
in 1949
Years of data
77
1949–2025

Military spending in Portugal, 1949–2025

1.0B2.0B3.0B4.0B5.0B6.0B194919872025

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

Analysis

In 2025, military spending in Portugal stood at 5.50 billion constant 2024 US$. That is the highest value across all 77 years on record.

The figure is up 21.7% on the previous year and up 49.3% over ten years.

Over the whole period, military spending in Portugal peaked at 5.50 billion constant 2024 US$ in 2025 and was at its lowest, 650.05 million constant 2024 US$, in 1949.

That places Portugal 49th out of 162 countries with data for 2025, putting it in the middle of the range.

The long-run direction has been consistently rising across the 77 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1940s 650.05 million constant 2024 US$ 650.05 million constant 2024 US$ 650.05 million constant 2024 US$ 1
1950s 949.93 million constant 2024 US$ 699.32 million constant 2024 US$ 1.21 billion constant 2024 US$ 10
1960s 2.49 billion constant 2024 US$ 1.26 billion constant 2024 US$ 3.32 billion constant 2024 US$ 10
1970s 3.00 billion constant 2024 US$ 2.04 billion constant 2024 US$ 4.20 billion constant 2024 US$ 10
1980s 2.32 billion constant 2024 US$ 2.03 billion constant 2024 US$ 2.80 billion constant 2024 US$ 10
1990s 2.99 billion constant 2024 US$ 2.87 billion constant 2024 US$ 3.12 billion constant 2024 US$ 10
2000s 3.53 billion constant 2024 US$ 3.21 billion constant 2024 US$ 3.85 billion constant 2024 US$ 10
2010s 3.74 billion constant 2024 US$ 3.40 billion constant 2024 US$ 4.03 billion constant 2024 US$ 10
2020s 4.20 billion constant 2024 US$ 3.62 billion constant 2024 US$ 5.50 billion constant 2024 US$ 6

Countries ranked near Portugal

  1. 46 Austria 5.88 billion constant 2024 US$ compare
  2. 47 Morocco 5.88 billion constant 2024 US$ compare
  3. 48 Thailand 5.57 billion constant 2024 US$ compare
  4. 50 Chile 5.15 billion constant 2024 US$ compare
  5. 51 Azerbaijan 4.67 billion constant 2024 US$ compare
  6. 52 Myanmar 4.65 billion constant 2024 US$ compare

See the full ranking of 162 places →

More reference data data for Portugal

All data for Portugal →

Frequently asked questions

What is military spending in Portugal?
Military spending in Portugal was 5.50 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 Portugal?
The highest recorded value was 5.50 billion constant 2024 US$ in 2025.
What is the lowest military spending recorded in Portugal?
The lowest recorded value was 650.05 million constant 2024 US$ in 1949.
How does Portugal rank for military spending?
Portugal ranks 49th out of 162 countries with data for 2025.
Is military spending rising or falling in Portugal?
Over the last ten years it is up 49.3%. The long-run trend across the full record is rising.
Where does this Portugal 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 — 77 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.