Finland: Military spending
* indicates monthly or quarterly data series
Finland |
Military spending, in billion U.S. dollars |
---|---|
Latest value | 4.82 |
Year | 2022 |
Measure | billion U.S. dollars |
Data availability | 1960 - 2022 |
Average | 1.79 |
Min - Max | 0.09 - 4.82 |
Source | Stockholm International Peace Research Institute |
The latest value from 2022 is 4.82 billion U.S. dollars, an increase from 3.75 billion U.S. dollars in 2021. In comparison, the world average is 14.63 billion U.S. dollars, based on data from 150 countries. Historically, the average for Finland from 1960 to 2022 is 1.79 billion U.S. dollars. The minimum value, 0.09 billion U.S. dollars, was reached in 1960 while the maximum of 4.82 billion U.S. dollars was recorded in 2022.
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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 | 4.82 | 2022 | billion U.S. dollars |
Military spending, percent of GDP | 1.72 | 2022 | percent |
Military spending, percent of government spending | 3.22 | 2022 | percent |
Armed forces | 22,000 | 2020 | people |
Armed forces, percent of labor force | 0.80 | 2020 | percent |
Arms exports | 29.00 | 2022 | million U.S. dollars |
Arms imports | 34.00 | 2022 | dollars |