China Military Expenditure

1989 - 2017 | Yearly | USD mn | World Bank

China Military Expenditure data was reported at 228.231 USD bn in 2017. This records an increase from the previous number of 216.031 USD bn for 2016. China Military Expenditure data is updated yearly, averaging 35.126 USD bn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 228.231 USD bn in 2017 and a record low of 9.954 USD bn in 1991. China Military Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another).; ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates. For additional details please refer to the military expenditure database on the SIPRI website: https://sipri.org/databases/milex

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What was China's China Military Expenditure in 2017?

Last Previous Min Max Unit Frequency Range
228,230.67 2017 216,031.28 2016 9,953.64 1991 228,230.67 2017 USD mn yearly 1989 - 2017

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National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 31,424.403 2028 yearly 1980 - 2028
Forecast: Nominal GDP Per Capita (USD) 18,826.230 2027 yearly 1980 - 2027
Forecast: Real GDP Growth (%) 3.437 2028 yearly 1980 - 2028
GDP Deflator Growth (%) 0.0 Dec 2022 quarterly Mar 1993 - Dec 2022
GDP per Capita (USD) 12,621.721 2023 yearly 1957 - 2023
Gross Fixed Capital Formation (USD mn) 7,546,959.529 2022 yearly 1957 - 2022
Gross National Product (GNP) (USD mn) 17,655,982.598 2023 yearly 1957 - 2023
Gross Savings Rate (%) 45.9 2021 yearly 1952 - 2021
Investment: % of GDP (%) 43.0 2021 yearly 1952 - 2021
Nominal GDP (USD mn) 4,166,759.1 Mar 2023 quarterly Mar 1992 - Mar 2023
Nominal GDP Growth (%) 4.176 Mar 2024 quarterly Mar 1993 - Mar 2024
Private Consumption Expenditure (USD mn) 6,791,055.951 2021 yearly 1957 - 2021
Private Consumption: % of GDP (%) 38.2 2021 yearly 1952 - 2021
Public Consumption Expenditure (USD mn) 2,816,686.177 2021 yearly 1957 - 2021
Public Consumption: % of GDP (%) 15.9 2021 yearly 1952 - 2021
Real GDP Growth (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 39.356 Mar 2024 quarterly Mar 1998 - Mar 2024
Production Last Frequency Range
Gold Production (kg) 372,048.000 2022 yearly 1990 - 2022
Industrial Production Index Growth (%) 6.7 Apr 2024 monthly Jan 1995 - Apr 2024
Minerals Production (Metric Ton) 5,038,785,218.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 30,160,966.000 2023 yearly 1997 - 2023
Silver Production (Metric Ton) 3,400.000 2023 yearly 1986 - 2023
Construction and Properties Last Frequency Range
House Prices Growth (%) -8.7 Apr 2024 monthly Mar 1999 - Apr 2024
Nominal Residential Property Price Index (2010=100) 134.217 Dec 2023 quarterly Jun 2005 - Dec 2023
Nominal Residential Property Price Index Growth (%) -3.705 Dec 2023 quarterly Jun 2006 - Dec 2023
Real Residential Property Price Index (2010=100) 101.490 Dec 2023 quarterly Jun 2005 - Dec 2023
Real Residential Property Price Index Growth (%) -3.383 Dec 2023 quarterly Jun 2006 - Dec 2023
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Forecast: Government Expenditure (RMB bn) 60,775.948 2029 yearly 1982 - 2029
Forecast: Government Net Debt (RMB bn) 192,017.140 2029 yearly 1995 - 2029
Forecast: Government Revenue (RMB bn) 47,044.385 2029 yearly 1982 - 2029
Government Debt: % of GDP (%) 22.7 Sep 2023 quarterly Mar 2014 - Sep 2023
National Government Debt (USD mn) 4,229,989.2 2023 yearly 2005 - 2023
Tax Revenue (USD mn) 157,633.826 Mar 2024 monthly Jan 1995 - Mar 2024
Consolidated Fiscal Balance (USD mn) -138,026.800 Mar 2024 monthly Jan 1995 - Mar 2024
Tax Revenue: % of GDP (%) 3.8 Mar 2024 quarterly Mar 1995 - Mar 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 740,410,000.000 2023 yearly 1949 - 2023
Forecast: Population (Person mn) 1,401.069 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 5.100 2029 yearly 2017 - 2029
Labour Force Participation Rate (%) 66.4 2023 yearly 1990 - 2023
Labour Productivity Growth (%) 4.22 2023 yearly 1953 - 2023
Monthly Earnings (USD) 1,392 Dec 2023 quarterly Mar 2000 - Dec 2023
Population (Person mn) 1,409.7 2023 yearly 1949 - 2023
Unemployment Rate (%) 5.20 Mar 2024 quarterly Mar 2017 - Mar 2024

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