Russia military budget 2023

Russia spent approximately 109.45 billion current U.S. dollars on its military expenses in 2023, having increased its spending by almost seven percent from the previous year. Over the observed period, the highest military expenditure of the country was recorded in 2023.

Which country has the largest military budget?

The United States spent the most on its military in 2023, followed by China and Russia. With an annual defense budget of around 916 billion U.S. dollars at constant prices, the United States accounted for 37 percent of the global expenditure in that year. To compare, Russia ranked third by military spending, having occupied 4.5 percent of the total. To compare, in 2021, Russia was fifth after the U.S., China, India, and Saudi Arabia.

How powerful is the Russian Army?

Based on the Global Firepower PowerIndex score, which considers a series of indicators including weapons, manpower, natural resources, and finances, Russia had the second most powerful army in the world after the United States. Furthermore, with over 4,000 objects, Russian followed the United States in the ranking of countries with the largest military aircraft fleet. In terms of active military personnel, Russia placed fourth with 1.32 million staff.

Military spending in Russia from 1993 to 2023 (in billion current U.S. dollars)

Characteristic	Military spending in billion current U.S. dollars
2023	109.45
2022	102.37
2021	65.91
2020	61.71
2019	65.2
2018	61.61
2017	66.91
2016	69.25
2015	66.42
2014	84.7
2013	88.35
2012	81.47
2011	70.24
2010	58.72
2009	51.53
2008	56.18
2007	43.53
2006	34.52
2005	27.34
2004	20.96
2003	16.97
2002	13.94
2001	11.68
2000	9.23
1999	6.47
1998	7.96
1997	17.58
1996	15.83
1995	12.74
1994	13.55
1993	7.77

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Release date

April 2024

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Region

Russia

Survey time period

1993 to 2023

Supplementary notes

The source specified the following information:
"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."

Figures have been rounded.
The statistic has been compiled from several reports by the source.

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