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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 .
6 2020–2023. 7 See also. ... Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... Military budget;
Global military expenditure in 2023. A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.
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
The IPB contrasts the high levels of military spending (estimated by the Stockholm International Peace Research Institute in 2011 as being US $1,738 billion at worldwide level) against, for instance, the failure to fulfill the pledges of the Millennium Development Goals [4] suggesting that, in general: "Research on the causes of violent ...
World military expenditure reached an all-time high of $2443 billion in 2023. For the first time since 2009, military spending increased across all five continents identified by SIPRI (Stockholm International Peace Research Institute), with significant rises observed in Europe, Asia, Oceania, and the Middle East.
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.
The accompanying graphs show that US military spending as a percent of gross domestic product (GDP) peaked during World War II. The table shows historical spending on defense from 1996 to 2022, spending for 2023–2024 is estimated. [110] The defense budget is shown in billions of dollars and total budget in trillions of dollars.