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The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
Rank Country Global Militarization Index (GMI) Military Expenditure Index Score People Index Score Heavy Weapons Index Score 1 Ukraine 335: 5.11: 1.29: 1.75
The UAE, for which recent data is not available, has also spent historically large amounts of money on the military on a per capita basis. The UAE had a per capita spending of $2470 per person back in 2014, making it the second highest spender in that year just after Saudi Arabia, [ 1 ] but by 2020 that number had fallen to $2204.
The US has led the way, spending 38% of the total, but China and India continue to pour money into defense. Global military expenditure was $1.917 trillion in 2019, rising 3.6% from 2018 and 7.2% ...
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. This is a list of countries by past military expenditure, ... Military budget;
The index uses a number of indicators. [8]Military Expenditure Index Score: comparison of military expenditures with GDP and health care expenditures. People Index Score: contrast between the number of military and paramilitary forces with the overall population and the number of physicians.
Greek Prime Minister Kyriakos Mitsotakis argued the era of spending 2% of a nation’s GDP on defense was "probably history" but he, along with the other four leaders in attendance at the North ...
Moreover, US foreign military sales (FMS), which increased $15 billion in 2020 to reach $83.5 billion, are likely to offset some of the impact of flat domestic defense spending.