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Some sources say that Russian and Chinese 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 2023 [1] SIPRI Military Expenditure Database [5] List by the International Institute for Strategic Studies.
As defined by the U.S. Central Intelligence Agency, "fit for military service" means all citizens of a country (both male and female) between the ages of 16 and 49 that are not otherwise disqualified for health reasons.
In 2015, out of its budget of $3.97 trillion, the US spent $637 billion on the military. 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%. [133]
That increased from 20.7% a year ago to 26.2%. The mood wasn’t all gloomy, however. A growing share of wealthier consumers expect higher incomes this year, including 40.8% of those making ...
According to the Stockholm International Peace Research Institute, in 2022, total world military expenditure amounted to US$2.3 trillion. It increased 3.7 percent over the previous year. With the Russo-Ukrainian War, European expenditures rose by 13 percent, the largest year-to-year increase since the end of the Cold War.
By GDP per capita. The European Defence Agency member state average spend on defence as a percentage of GDP was 1.5% in 2022. [2] Rank (lowest first) Country. Percentage of GDP expenditure, 2023 [3] 29. Albania. 1.74%.
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