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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 .
The 2018 US military budget accounts for approximately 36% of global arms spending (for comparison, US GDP is only 24% of global GDP [129]). The 2018 budget is approximately 2.5 times larger than the $250 billion military budget of China .
In 2023, 11 Nato countries spent the equivalent of at least 2% of GDP on defence.
Transfer payments to (persons) as a percent of Federal revenue in the United States Transfer payments to (persons + business) in the United States. CBO projects that spending for Social Security, healthcare programs and interest costs will rise relative to GDP between 2017 and 2027, while defense and other discretionary spending will decline relative to GDP.
The US has led the way, spending 38% of the total, but China and India continue to pour money into defense. Global military expenditure was $1.917 trillion in 2019, rising 3.6% from 2018 and 7.2% ...
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 ...
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
See how the US military budget compares to other countries around the world. ... 800-290-4726 more ways to reach us. Mail. Sign in. Subscriptions; Animals. Business. Elections. Entertainment.