Finance:List of countries with highest military expenditures

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Map of military spending as a percentage of GDP for countries as of 2023, according to the Stockholm International Peace Research Institute[1]
Global military spending in 2021

This is a list of countries with the highest military expenditure in a given year. Military expenditure figures are presented in United States dollar s based on either constant or current exchange rates.[1]

Highest military expenditure, total

The first list is based on the Stockholm International Peace Research Institute (SIPRI) fact sheet, which includes a list of the world's top 40 military spenders as of 2022, based on current market exchange rates.[1]

The second list is based on the 2022 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates.[2]

Some sources say that Russia and China military spending are actually far higher than the chart due to captive markets and Purchasing Price Parity in those countries.[3][4]

40 Countries with the highest military spending worldwide in 2022[1]
SIPRI Military Expenditure Database[5] 		List by the International Institute for Strategic Studies
Top 15 Defence Budgets 2021[6]
Rank Country Spending
(US$ bn)		 % of GDP % of global spending
World total 2,240 2.2 100
01 United States United States 877.0 3.5 39
02 China China[lower-alpha 1] 292.0 1.6 13
03 Russia Russia 86.4 4.1 3.9
04 India India 81.4 2.4 3.6
05 Saudi Arabia Saudi Arabia[lower-alpha 1][lower-alpha 2] 75.0 7.4 3.3
06 United Kingdom United Kingdom 68.5 2.2 3.1
07 Germany Germany 55.8 1.4 2.5
08 France France[lower-alpha 3] 53.6 1.9 2.4
09 South Korea South Korea 46.4 2.7 2.1
100 Japan Japan 46.0 1.1 2.1
11 Ukraine Ukraine 44.0 34 2.0
12 Italy Italy 33.5 1.7 1.5
13 Australia Australia 32.3 1.9 1.4
14 Canada Canada 26.9 1.2 1.2
15 Israel Israel 23.4 4.5 1.0
16 Spain Spain 20.3 1.5 0.9
17 Brazil Brazil 20.2 1.1 0.9
18 Poland Poland[lower-alpha 3] 16.6 2.4 0.7
19 Netherlands Netherlands 15.6 1.6 0.7
20 Qatar Qatar 15.4 7.0 0.7
21 Taiwan Taiwan 12.5 1.6 0.6
22 Singapore Singapore 11.7 2.8 0.5
23 Turkey Turkey 10.6 1.2 0.5
24 Pakistan Pakistan 10.3 2.6 0.5
25 Colombia Colombia 9.9 3.1 0.4
26 Algeria Algeria 9.1 4.8 0.4
27 Indonesia Indonesia 9.0 0.7 0.4
28 Mexico Mexico 8.5 0.6 0.4
29 Norway Norway 8.4 1.6 0.4
30 Kuwait Kuwait 8.2 4.5 0.4
31 Greece Greece 8.1 3.7 0.4
32 Sweden Sweden 7.7 1.3 0.3
33 Belgium Belgium 6.9 1.2 0.3
34 Iran Iran 6.8 2.6 0.3
35 Switzerland Switzerland 6.1 0.8 0.3
36 Oman Oman 5.8 5.2 0.3
37 Thailand Thailand 5.7 1.2 0.3
38 Chile Chile 5.6 1.8 0.2
39 Denmark Denmark 5.5 1.2 0.2
40 Romania Romania 5.2 1.7 0.2
2022 edition of "The Military Balance" from the International Institute for Strategic Studies (IISS)
Rank Country Spending
(US$ bn)
01 United States United States 738.0
02 China China 193.3
03 India India 64.1
04 United Kingdom United Kingdom 61.5
05 Russia Russia 60.6
06 France France 56.8
07 Germany Germany 51.3
08 Japan Japan 49.7
09 Saudi Arabia Saudi Arabia 48.5
10 South Korea South Korea 40.4
11 Australia Australia 31.3
12 Italy Italy 29.3
13 Brazil Brazil 22.1
14 Canada Canada 20.0
15 Israel Israel 19.8

Highest military expenditure, share of GDP

This first list is a list of countries by military expenditure share of GDP—more specifically, a list of the top 15 countries by percentage share in recent years—the amount spent by a nation on its military as a share of its GDP.

The second list presents this as a share of the general government expenditure. The first list is sourced from the SIPRI for the year 2019 and from Military Balance 2017 published by International Institute for Strategic Studies for the year 2016. The second list is sourced only from the SIPRI for the year 2019.

As a share of GDP

List by the Stockholm International Peace Research Institute
SIPRI Military Expenditure Database[7] (2019) 		List by the International Institute for Strategic Studies
Top 15 Defence Budgets 2020[6]
Rank Country % of GDP
1  Oman 8.8%
2  Saudi Arabia 8.5%
3  Algeria 6.0%
4  Kuwait 5.6%
5  Israel 5.3%
6  Armenia 4.9%
7  Jordan 4.7%
8  Lebanon 4.2%
9  Azerbaijan 4.0%
10  Pakistan 4.0%
11  Russia 3.9%
12  Bahrain 3.7%
13  Iraq 3.5%*
14  United States 3.4%
15  South Sudan 3.4%
Rank Country % of GDP
01  Oman 12.0
02  Islamic Republic of Afghanistan 10.6
03  Lebanon 10.5
04  Kuwait 7.1
05  Saudi Arabia 7.1
06  Algeria 6.7
07  Iraq 5.8
08  UAE 5.6
09  Azerbaijan 5.4
10  Morocco 5.3
11  Israel 5.2
12  Jordan 4.9
13  Armenia 4.8
14  Mali 4.5
15  Qatar 4.4
* Bold values with an asterisk above are highly uncertain SIPRI estimates.

Italic values are SIPRI estimates.

Notes

  1. ↑ 1.0 1.1 SIPRI estimate
  2. ↑ The figures for Saudi Arabia include expenditure for public order and safety and might be slightly overestimated.[citation needed]
  3. ↑ 3.0 3.1 The figures for France and Poland exclude expenditure for Gendarmerie nationale and Żandarmeria Wojskowa. Inclusive of the Gendarmerie militarised police forces, France's spending is circa $67.17bn and Poland $14.8bn

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 "Trends in World Military Expenditure, 2022". Stockholm International Peace Research Institute. April 2023. https://www.sipri.org/sites/default/files/2023-04/2304_fs_milex_2022.pdf. 
  2. ↑ International Institute for Strategic Studies (25 February 2021). The Military Balance 2021. London: Routledge. ISBN 978-1032012278. 
  3. ↑ "Why Russian Military Expenditure Is Much Higher Than Commonly Understood (As Is China's)" (in en-US). 2019-12-16. https://warontherocks.com/2019/12/why-russian-military-expenditure-is-much-higher-than-commonly-understood-as-is-chinas/. 
  4. ↑ "Russian defense spending is much larger, and more sustainable than it seems" (in en-US). 2019-05-03. https://www.defensenews.com/opinion/commentary/2019/05/03/russian-defense-spending-is-much-larger-and-more-sustainable-than-it-seems/. 
  5. ↑ "Data for all countries from 1988–2020 in constant (2019) USD (pdf)". SIPRI. https://sipri.org/sites/default/files/Data%20for%20all%20countries%20from%201988%E2%80%932020%20in%20constant%20%282019%29%20USD%20%28pdf%29.pdf. 
  6. ↑ 6.0 6.1 "IISS Military Balance 2021". The Military Balance (International Institute for Strategic Studies) 121 (1): 23–29. January 2021. doi:10.1080/04597222.2021.1868791. https://www.tandfonline.com/doi/full/10.1080/04597222.2021.1868791#. Retrieved 25 February 2021. 
  7. ↑ Excel file here | Derived from SIPRI's own webpage .

External links



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