Indonesia's Defense Spending Among Top 10 in Asia Pacific 2023-2024

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Erlina Fury Santika 20/03/2025 17:34 WIB

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According to IISS data, Indonesia's defense budget ranks among the top 10 highest in Asia in the report published in 2024. China holds the top position.

Top 10 Asia-Pacific Countries with the Highest Defense Spending Budgets (2023-2024)*

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Top 10 Asia-Pacific Countries with the Highest Defense Spending Budgets (2023-2024)*

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Data compiled by The International Institute for Strategic Studies (IISS) shows that Indonesia's defense budget is among the highest in the Asia-Pacific region for 2023-2024.

It reached US$8.8 billion, or approximately Rp145 trillion (assuming an exchange rate of Rp16,488 per US$). The IISS also calculated that this figure is equivalent to 1.7% of Indonesia's 2023 Gross Domestic Product (GDP).

China holds the top position, with a defense budget of US$219.46 billion, representing 43% of its GDP.

Second is India, with a budget of US$73.58 billion or 14.4% of its GDP.

This is followed by Japan at US$49.04 billion, or 9.6% of its GDP. This is noteworthy because, in terms of the number of active personnel, Japan ranks 10th, below Indonesia.

(See also: [Link to Indonesian article about active military personnel])

Then there's South Korea at US$43.84 billion, or 8.6% of its GDP. Beyond these five countries, Australia, Taiwan, Singapore, Pakistan, and Vietnam are included in the top 10 listed in the accompanying graph.

The IISS states that military spending in the Asia-Pacific increased in 2023, largely reflecting steps taken by countries with more mature economies and lower economic growth in the region to address strategic challenges.

"Countries such as Australia, Japan, South Korea, and Taiwan are seeking to increase defense spending, including in relation to GDP, to counter perceived threats in the region, primarily from China and North Korea," wrote the IISS, as quoted on Thursday, March 20, 2025.

(See also: [Link to Indonesian article about Indonesian military branch budgets])

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."