This is a list of countries with the highest military expenditure in a given year. Military expenditure figures are presented in United States dollars based on either constant or current exchange rates.[1]
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 2023, based on current market exchange rates.[1]
The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates.[2]
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
2024 edition of "The Military Balance" from the International Institute for Strategic Studies (IISS)[2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The following lists are lists 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 amount a country has spent on its military as a share of its GDP.
The first list uses SIPRI as a source. The second list gets its data from the International Institute for Strategic Studies.
List by the Stockholm International Peace Research Institute SIPRI Military Expenditure Database[6](2023) |
List by the International Institute for Strategic Studies Top 15 Defence Budgets 2020[7] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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* Bold values with an asterisk above are highly uncertain SIPRI estimates.
Italic values are SIPRI estimates. |