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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 .
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
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.
Expenditure-based GDP is total final expenditures at purchasers' prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. Total expenditure consists of total expense and the net acquisition of nonfinancial assets.
North Korea's nominal gross national income in 2023 was estimated to be 1.59 million won ($1,147.56) per capita, equivalent to just 3.4% of the South's 47.25 million won.
Gallup – Median per-capita income: 2013 & 15 & 131 World Bank – Ease of Doing Business Index: 2016 & 4 & 183 The World Factbook – Exports: 2014 & 5: 194 The World Factbook – Imports: 2014 & 7: 194 IMF – GDP (Nominal) 2016 & 11: 179 IMF – GDP (PPP) 2016 & 13: 180 IMF – GDP per capita (Nominal) 2014 & 29: 180 IMF – GDP per capita ...
South Korea’s military has reached that goal, decreasing troop size by 27.6% in two decades, from 2002 to 2022. ... “If a solder is paid $2,000 [per month], that’s a legitimate job. So, a ...
South Korea's finance minister said authorities would put forward detailed tax incentives under corporate reforms aimed at boosting the value of listed companies after seeking more feedback from ...