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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
This article lists military spending in European countries by varying methods including as a percentage of GDP per capita and as a total capital expenditure as listed by the Stockholm International Peace Research Institute unless otherwise stated or cited.
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... 2023 Algeria * 9,708 ... Military budget;
In general, spending is low, with an average of around 3% of government spending, in comparison with an average of about 6.4% globally. [1] In 2020, Russia and Belarus spent more on the military than any other European countries. However, this data precedes the Russian invasion of Ukraine, which caused military spending in Ukraine to skyrocket.
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.
List of largest armed forces may refer to: List of countries by number of military and paramilitary personnel; List of countries by military expenditures; List of countries by level of military equipment
Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure. It also gives an idea of how much financing should be provided for the upcoming fiscal year. The size of a budget also reflects the country's ability to fund military activities. [1]