Economics & Macro

Premium

The Differences in US and Iranian Military Spending Over Two Decades

Erlina Fury Santika 20/02/2026 08:12 WIB

Bagikan URL has been copied

Memuat...

SIPRI has compiled trends in military spending by the United States (US) and Iran over the years. The following databox summarizes the history of the past two decades, following the news of planned mi

The Trend of Military Spending in the United States and Iran (2004-2024)*

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “The Differences in US and Iranian Military Spending Over Two Decades”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

The Trend of Military Spending in the United States and Iran (2004-2024)*

Download

Source

A Small
A Medium
A Bigger

Data collected by Stockholm International Peace Research Institute (SIPRI) show a significant gap in military spending between the United States (US) and Iran over the past two decades.

Using constant prices converted into US dollars (US$) at 2024 values, US military expenditure has been far higher than Iran’s.

Between 2004 and 2024, US military spending ranged between US$795 billion and US$1 trillion per year.

The highest level was recorded in 2010, reaching US$1.03 trillion. The lowest was in 2024 at US$795.29 billion.

According to SIPRI, the US remains the country with the largest military expenditure in the world.

In constant (2024) prices, US military spending in 2024 stood at US$968.38 billion, while in current prices it reached US$997.3 billion, accounting for 37% of total global military expenditure.

Meanwhile, Iran’s spending ranged between US$5 billion and US$7 billion in constant (2024) terms. The highest level was recorded in 2006 at US$7.58 billion, while the lowest occurred in 2015 at US$5.15 billion.

All US figures refer to the fiscal year (October 1 of the previous year to September 30 of the stated year), rather than the calendar year.

US military expenditure includes part of the total spending of the National Intelligence Programme, which SIPRI classifies as military-related activities. The figures also include estimates of US military aid to Ukraine.

For Iran, the figures include spending on the Iranian Revolutionary Guard Corps (IRGC), which is defined as a paramilitary force. The data also include pensions categorized under the Armed Forces Social Security Organization.

The exchange rate used to convert Iranian rials into US dollars is based on the NIMA rate introduced by the Central Bank of the Islamic Republic of Iran in April 2018.

US May Strike Iran

According to a report by Katadata, the US military is prepared to strike Iran as early as this weekend, although President Donald Trump has not yet made a final decision.

Citing CNN on Thursday (February 19, 2026), sources said the US military had been briefed to be ready for possible action by the weekend, following a significant buildup of air and naval assets in the Middle East in recent days.

However, one source cautioned that Trump has personally argued both for and against military action and has sought input from advisers and allies on the best course of action.

The move follows ongoing nuclear negotiations held in Geneva, Switzerland, on Tuesday (February 17, 2026). Iranian and US negotiators exchanged notes for three and a half hours but left without a clear resolution.

Iran’s chief negotiator said both sides agreed on a “set of guiding principles,” although a US official stated that “many details still need to be discussed.”

The US is now expected to intensify sanctions threats and potential military action against Iran following the deadlock in the second round of talks. The tougher US stance also comes after Tehran conducted joint naval exercises with Russia in the Gulf of Oman.

Washington views Iran’s move as worsening regional security conditions and reducing the prospects for a diplomatic agreement.

Prior to the Geneva meeting, the US and Iran had also held a first round of nuclear talks on February 6 in Oman, which acted as mediator.

White House Press Secretary Karoline Leavitt said Washington and Tehran remain far apart on several key issues, particularly uranium enrichment and the scope of a potential nuclear agreement.

“We are still very far apart on several issues,” Leavitt said, as reported by Al Jazeera on Thursday (February 18, 2026).

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Tags

#United States of America

#Iran

#Military Shopping

#Military

#Military Budget

#Military Budget

#Military Power

#military invasion

#state conflict

#armed conflict

#Update Me

Related Data

Air Pollution on Friday Morning (20/2): North Sumatra is the Worst, How About Other Regions?

10 Countries with the Highest Military Spending in the World in 2024

Prevalence of Inadequate Food Consumption in Banjar Rises 1.08% in the Last 5 Years

Average Schooling Duration of North Barito Regency Residents Up to Grade VII in 2025

Mount Semeru Erupts Again Tonight (Thursday, February 19, 2026)

Bank Indonesia Holds Interest Rate at 4.75% in February 2026

Latest Data Stories

Three-Month Wheat Contract Price - US Wheat Futures Fall Toward 560.3 Bushel Level (Friday, February 20, 2026) Market 20/02/2026, 10:33 WIB

World Oil Price Rises to US$71.93 per Barrel (Friday, February 20, 2026) Market 20/02/2026, 9:46 WIB

TSR20 Rubber Price - TSR20 Rubber Futures - Rises to US$194.2 /100 Kg (Thursday, February 19, 2026) Agroindustry 20/02/2026, 9:43 WIB

Silver Price Rises Toward US$78,245 /Troy Ounce (Friday, February 20, 2026) Consumer Services & Health 20/02/2026, 9:41 WIB

Regional Revenue Realization of Tana Tidung Regency Government as of End 2025 Economics & Macro 20/02/2026, 9:34 WIB

Grenada Gross Domestic Product (GDP) Purchasing Power Parity (PPP) 2015 - 2024 PDB 20/02/2026, 9:30 WIB

Download

Source

Please buy this article or subscribe to access the source feature.
Get Now »

KATADATA INSIGHT CENTER

Contact KIC for data requests, research, and analysis. Contact Us »

Trending Topics

Crude Oil

Copper Price

Silver Price

Rubber

wheat price

public

minor injuries

religious school

FITA level

pork

Popular Data