Military expenditure in local currency rose 110% to SGD 17,737,575,000 bil in Singapore in 2023, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Singapore reached an all time high of SGD 17,737,575,000 bil in 2023 and an all time low of SGD 0.317 bil in 1970. When compared to Singapore's main peers, military expenditure in local currency in Indonesia amounted to IDR 144,267,000,000,000.00 bil, MYR 17,746,200,000 bil in Malaysia, PHP 303,255,500,000 bil in Philippines and THB 200,572,750,000 bil in Thailand in 2023.
Singapore has been ranked 89th within the group of 148 countries we follow in terms of military expenditure in local currency, 2 places below the position seen 10 years ago.
| Military Expenditure (Local Currency) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Australia | AUD bil | 36.1 | 35.9 | 37.5 | 39.7 | 43.6 | ||||||||||||||||
| Cambodia | KHR bil | 1,857 | 2,198 | 2,416 | 2,537 | 2,566 | ||||||||||||||||
| China | CNY bil | 1,424 | 1,538 | 1,660 | 1,781 | 1,845 | ||||||||||||||||
| Indonesia | IDR bil | 117,578 | 106,680 | 115,351 | 136,871 | 125,887 | ||||||||||||||||
| Laos | LAK bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||
| Malaysia | MYR bil | 15.1 | 13.9 | 13.5 | 14.2 | 15.2 | ||||||||||||||||
| Myanmar | MMK bil | ... | ... | ... | ... | ... | ... | 3,012 | 2,190 | 2,305 | 3,442 | 3,346 | ||||||||||
| Philippines | PHP bil | 193 | 216 | 221 | 233 | 273 | ||||||||||||||||
| Singapore | SGD bil | 14.1 | 14.3 | 14.2 | 13.5 | 14.8 | ||||||||||||||||
| Taiwan | TWD bil | 319 | 317 | 340 | 349 | 360 | ... | |||||||||||||||
| Thailand | THB bil | 215 | 222 | 228 | 227 | 211 | ||||||||||||||||
| Vietnam | VND bil | 113,534 | 126,618 | ... | ... | ... | ... | ... |
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