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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 .
All members of Nato are signed up to an agreement to spend the equivalent of 2% of their gross domestic product (GDP) on defence per year. In 2023, 11 Nato countries met this pledge, including the ...
South Korea * 6,041: 7,732: ... Military budget; List of countries by military expenditures; List of countries by military expenditure per capita; References
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.
According to the U.S. Government Accountability Office, from 2016 through 2019, the U.S. Defense Department spent roughly $13.4 billion in South Korea to pay military salaries, construct ...
In 2023, 11 Nato countries spent the equivalent of at least 2% of GDP on defence.
South Korea has one of the highest defense budgets in the world, ranking 9th globally in 2021, with a budget of nearly $46.7 billion U.S. dollars, [40] and the defense budget trends from 1975 to 2023 based on South Korea's 2015 GDP announced by the Ministry of National Defense are as follows, [41] and the actual annual military expenditure may ...
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]