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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 .
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]
This list of countries by Global Militarization Index is based on the 2022 [1] ... 10 Russia: 204: 2.05: 1.06: 2.45 ... Military budget; References
This means defense will make up 32.5% of Russia's federal budget next year, up from 28.3% this year. The budget was proposed in September and approved by Russian lawmakers over the last 10 days.
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 $2204.
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions This is a list of countries by past military expenditure , starting 1987. Methodology
See how the US military budget compares to other countries around the world.
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.