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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.
Still, others maintain military expenditure is a drag on development. [3] Among the countries maintaining some of the world's largest military budgets, China, India, France, Germany, Japan, Russia, the United Kingdom and the United States are frequently recognized to be great powers. [4]
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). 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.
Russia has dropped out of the top five countries with the largest defense spend for the first time since 2006, according to new international data Monday. Russia drops out of top 5 global military ...
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
6 2020–2023. 7 See also. 8 References ... This is a list of countries by past military expenditure, starting 1987. ... Military budget; List of countries by ...
The United States has long had the world’s biggest defense budget, with spending this year set to approach $900 billion. ... interest expenses in 2024 are running 41% higher than in 2023.
By 2022, however, NATO leaders have once again began re-evaluating their defense budgets following Russia’s invasion of Ukraine, and by 2024, a historic number of NATO allies had met their ...