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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.
The military budget of the People's Republic of China is the portion of the overall government budget that is allocated for the funding of the People's Liberation Army. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and ...
China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan ($222 billion), roughly mirroring the ...
He also said China was spending "drastically more" on its military than the 7.2% increase it declared last month. The increase in China's defence spending is concerning given its economy is ...
China is expected to reveal a robust increase in defence spending at the March 5 annual opening of parliament, as its economy rebounds from the COVID-19 pandemic and military tensions rise ...
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... Australia * 5,057: 5,836: 6,300 ... Military budget;
China's 2019 defence spending will rise 7.5 percent from 2018, according to a budget report issued at the opening of the country's annual meeting of parliament on Tuesday, a slower rate than last ...