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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 .
In a general sense discretionary spending (defense and non-defense spending) makes up one-third of the annual federal budget. [134] In 2016, the US spent 3.29% of its GDP on its military (considering only basic Department of Defense budget spending), more than France's 2.26% and less than Saudi Arabia's 9.85%. [135]
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. This is a list of countries by past military expenditure, starting 1987.
At a 2014 summit in Wales, NATO members reaffirmed a commitment to spend a minimum of 2% of their country’s GDP on defense, a pledge with renewed urgency after Russia’s annexation of Crimea.
Statistics service Rosstat's GDP growth assessment - due at 1600 GMT on Wednesday - is expected to show a rebound from a revised 1.2% drop in 2022, but economists Reuters spoke to argue that the ...
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 ...
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 United States has long had the world’s biggest defense budget, with spending this year set to approach $900 billion. ... As a percentage of GDP, the annual deficit has nearly doubled in just ...