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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 .
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.
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
Defence spending: How Nato countries compare. Ian Jones, PA. April 10, 2024 at 7:16 AM. ... ranked from highest to lowest. All data comes from the latest Nato annual report. ...
It compared China's spending with the United States' rank as the top military spender globally, accusing the United States of having double standards when it comes to military expenditure. ($1=7. ...
As military forces around the world are constantly changing in size, no definitive list can ever be compiled. All of the 172 countries listed here, especially those with the highest number of total soldiers such as the two Koreas and Vietnam , include a large number of paramilitaries, civilians and policemen in their reserve personnel.
Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits." [12]
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. This is a list of countries by past military expenditure, starting 1987.