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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.
In 2019, Peter Robertson, a professor from the University of Western Australia, argued that using conventional currency conversion as opposed to more accurate "purchasing power parity" (PPP) exchange rates dramatically understated China's military capabilities and that China's real military spending was equivalent to US spending of $455 billion ...
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 ...
The defense spending figure is closely watched worldwide for clues to China's strategic intentions as it develops new military capabilities, including stealth fighters, aircraft carriers and anti ...
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. ...
China allocates approximately the same proportion of GDP to Defence as Australia does, and has been rapidly increasing its nominal expenditure. [227] The Stockholm International Peace Research Institute has estimated that Australia's defence spending in 2017 was the 13th highest of any country in real terms. [228]
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 ...