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The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates. [2] The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources.
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. ... Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... Military budget;
The United States has long had the world’s biggest defense budget, ... expenses in 2024 are running 41% higher than in 2023. ... due to pandemic-related stimulus measures in 2020 and 2021.
This article lists military spending in European countries by varying methods ... the average defence spending was 2.5 % in 2021 in the EU and 2.4% in the euro area ...
For example, Russia plans to reduce military spending by 5% between 2021 and 2023 due to the impact of the pandemic on economic growth. Major Players in the Defense Industry
SIPRI's estimate of the top 10 countries by per capita military expenditure, US dollars per person (2023). [3] Country name $/cap Accuracy Israel: 2997,1 Precise United States: 2694,2 Precise Singapore: 2194,6 Precise Saudi Arabia: 2051,9 Estimate Kuwait: 1799,3 Precise Ukraine: 1762,2 Estimate Norway: 1583,6 Precise Denmark: 1377,9 Precise Finland
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.