China | Military expenditure (current USD)

The indicator "Military expenditure (Current US$)" represents the total amount that a country allocates to its military forces over a specific period. This expenditure includes costs associated with defense ministries, peacekeeping forces, and other government agencies involved in defense-related activities. It encompasses various components such as personnel costs (both military and civilian, including pensions and social services), operations and maintenance, equipment procurement, and research and development in the defense sector. The chart illustrates China's military expenditure over a period of twenty-three years, from 2000 to 2022, with values represented in current U.S. dollars.