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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.
Department of Defense spending's share of discretionary spending was 50.5% in 2003, and has risen to between 53% and 54% in recent years. [116] For FY2017, Department of Defense spending amounts to 3.42% of GDP. Because the US GDP has grown over time, the military budget can rise in absolute terms while shrinking as a percentage of the GDP.
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.
NATO estimates showed Poland was set to lead the alliance in defense spending as a percentage of GDP in 2024, with Warsaw investing more than 4% of its economic output on defense. Estonia and the ...
The United States and NATO are expected to announce Monday that the number of allied countries spending at least 2% of their country’s economic output on defense has doubled during President Joe ...
More than 20 NATO members will meet the military alliance's target of spending at least 2% of GDP on defense this year, Secretary General Jens Stoltenberg said on Monday. Speaking to the Wilson ...
A military budget (or military expenditure), also known as a defense budget, ... Israel 5.3%, South Korea 2.8% and Germany spent 1.5% of its GDP on defense. ...
Adding these other costs places defense and homeland security spending between 5% and 6% of GDP. The DoD baseline budget, excluding supplemental funding for the wars, has grown from $297 billion in FY2001 to a budgeted $534 billion for FY2010, an 81% increase. [50] According to the CBO, defense spending grew 9% annually on average from fiscal ...