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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 .
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... Canada * 8,694: 9,897: 10,747 ... Military budget;
In the defence budget request for the year starting April 2024, which was published in August, that order was halved to 17 because the cost of the aircraft had jumped by around 5 billion yen each ...
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.
Defence spending by NATO's European members and Canada was 20% higher in 2024 than the previous year, NATO Secretary General Mark Rutte said on Friday, ahead of a meeting in which they are likely ...
According to PBO projections, defense expenditures would need to reach C$81.9 billion ($58.87 billion) by 2032-33, almost double the projected amount for 2024-25 of C$41 billion.
In December 2020, Suga's government approved a record 5.34 trillion yen ($51.7 billion/€42.4 billion) defence budget for the fiscal year 2021. This includes investment in the development of stealth fighter jets, new long-range missile systems and new compact warships, with the goal to counter potential threats from China and North Korea.
The Saturday Review magazine in February 1898 outlined the levels of military expenditure as a percentage of tax revenue spent by the then great powers for the year 1897: [8] United States: 17%. (See Military budget of the United States.) The United States has fluctuated for decades, depending on the conflict of the time.