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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.
This article lists military spending in European countries by ... The share of total expenditure, the average defence spending was 2.5 % in 2021 in the EU and 2.4% in ...
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.
As it joins Nato, Finland records its highest year-on-year increase in military spending since 1962 Finland’s military spending soars 36% as global defence budgets hit Cold War levels Skip to ...
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
Finland's ruling centre-right coalition plans to spend more on NATO membership, defence and security in 2025, while scaling back on welfare spending to tame the Nordic country's fiscal deficit, it ...
Moscow's full-scale invasion of Ukraine in 2022 sparked a historic policy U-turn in previously militarily non-aligned Finland and Sweden, which joined NATO in 2023 and 2024 respectively.
In the following table, for each country/territory, IMF figures shows government's revenue, expenditure, and net lending (+)/ borrowing (-) as percentage of GDP and in current USD, calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. [3] Sorting is alphabetical by country code, according to ISO 3166-1 alpha-3.