How Much Does Each Country Spend On Their Military

In total countries around the world splurged 168 trillion on arms in 2016 a 04. It is currently below its historical average as a share of gdp and is projected to decline further.

Ranking Military Spending By Country 2019 Statista

how much does each country spend on their military

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The first list is sourced from the stockholm international peace research.

How much does each country spend on their military. Global defense spending has increased for the first time since 2011 according to the latest report from sipri. As you can imagine with that high a proportion a lot of other public expenses may be compromised he told. It is estimated that north korea spent roughly one third of their national income on defence.

As a percentage of gdp. Thats not to mention the number by which the united states also outspends the next 7 largest military budgets combined. Total discretionary spending for both defense and nondefense purposes represents only about one third of the annual federal budget.

Another country that ranks highly but for which data is not available in this dataset is north korea. In 2017 both saudi arabia and oman spent more than 10 of their gdp on their military. China has increased its military spending by 170 in real terms since 2002 the leading research body says russia spent nearly 72bn on arms last year overtaking britain 627bn and france.

The military budget is one of the basic and the most reliable way of verifying countrys potential in terms of army navy air force and other military elements. Of course every individual country decides to spend different amounts of their annual earnings on military. Defense spending accounts for 15 percent of all federal spending and roughly half of discretionary spending.

These tables are lists of social welfare spending as a percentage of gdp compiled by organisation for economic co operation and development oecd into the oecd social expenditure database which includes reliable and internationally comparable statistics on public and mandatory and voluntary private social expenditure at programme level. Thats how much more money the united states spends on its military than 144 other countries combined according to the latest update to available data on military expenditures compiled by the stockholm international peace research institute sipri. Spends nearly double on its military as the next highest country there are still several countries that spend billions on their militaries.

We know they spend possibly as much as 22 per cent of gdp on military spending. This isnt limited to countries with small militaries either. This first list is a list of countries by military expenditure share of gdpmore specifically a list of the top 15 countries by percentage share in recent yearsthe amount spent by a nation on its military as a share of its gdp.

71 of the 146 countries in this dataset spent over 1 billion on their militaries in 2018. The second list presents this as a share of the general government expenditure.

List Of Countries By Military Expenditures Wikipedia