Finland: Military spending

* indicates monthly or quarterly data series
 Finland

Military spending, in billion U.S. dollars

 Latest value 6.99
 Year 2024
 Measure billion U.S. dollars
 Data availability 1960 - 2024
 Average 1.93
 Min - Max 0.09 - 6.99
 Source Stockholm International Peace Research Institute
 Available for Data download
The latest value from 2024 is 6.99 billion U.S. dollars, an increase from 5.93 billion U.S. dollars in 2023. In comparison, the world average is 17.79 billion U.S. dollars, based on data from 148 countries. Historically, the average for Finland from 1960 to 2024 is 1.93 billion U.S. dollars. The minimum value, 0.09 billion U.S. dollars, was reached in 1960 while the maximum of 6.99 billion U.S. dollars was recorded in 2024. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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 Recent values Finland: Military spending
 2024 6.99
 2023 5.93
 2022 4.45
 2021 3.83
 2020 3.87
 2019 3.64
 2018 3.75
 2017 3.43




Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.

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 Related indicators Latest Reference Measure
 Military spending 6.99 2024 billion U.S. dollars
 Military spending, percent of GDP 2.30 2024 percent
 Military spending, percent of government spending 4.05 2024 percent
 Armed forces 22,000 2020 people
 Armed forces, percent of labor force 0.80 2020 percent
 Arms exports 27.00 2024 SIPRI TIVs
 Arms imports 64,000,000.00 2024 SIPRI TIVs
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