Economy

Interactive: Comparing Military Spend Around the World

Published

11 months ago

June 4, 2023

Varun Jain

Featured Creator

Article/Editing:

Pallavi Rao

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Comparing Military Spend Around the World

One of the easiest ways to identify a nation’s priorities is by tracking its expenditures, and military spend is no different.

Usually spending is measured, and ranked, in absolute amounts. For example, countries around the world collectively spent $2.1 trillion on their militaries in 2021, with the most coming from the U.S. ($800 billion), China ($293 billion), and India ($77 billion).

But these eye-popping figures are best understood in the context of each country’s economy. Using data from the Stockholm International Peace Research Institute (SIPRI), Varun Jain has visualized 158 countries’ military expenditures, both as a percentage of their total GDP as well as in average per-capita spend.

Countries’ Military Spend as a Percentage of their Economy

To begin, Jain identified three categories of military expenditure as a percent of GDP, using the five-year (2018‒2022) average for more consistent data:

Military Spend	% of GDP	Countries
High	Above 5%	7
Medium	2‒5%	44
Low	Below 2%	107

Under this categorization, the stand outs are the countries spending an outsized amount of their economic output on military, rather than the highest total spenders in absolute terms.

At the top of the table is Ukraine, which has earmarked a staggering average of 9.46% of its total economic output on defense over the past five years. That’s well ahead of second-place Saudi Arabia, which is slightly above 8%.

In Ukraine’s case, its high ranking shows how quickly priorities can change. From 2018 to 2021, the country spent 3.2-3.8% of its GDP on its military, but the outbreak of war with Russia saw its expenditures jump to one-third of economic output.

Other countries from the Middle East and North Africa follow in this tier, with Oman third at 8.11% and Qatar fourth with 5.88%. Rounding out the top seven high spenders are Algeria, Kuwait, and Israel.

Rank	Country	Military Spend	% of GDP
1	🇺🇦 Ukraine	High	9.46%
2	🇸🇦 Saudi Arabia	High	8.19%
3	🇴🇲 Oman	High	8.11%
4	🇶🇦 Qatar	High	5.88%
5	🇩🇿 Algeria	High	5.70%
6	🇰🇼 Kuwait	High	5.66%
7	🇮🇱 Israel	High	5.09%
8	🇯🇴 Jordan	Medium	4.81%
9	🇦🇲 Armenia	Medium	4.53%
10	🇦🇿 Azerbaijan	Medium	4.53%
11	🇱🇧 Lebanon	Medium	4.01%
12	🇷🇺 Russia	Medium	3.98%
13	🇧🇭 Bahrain	Medium	3.79%
14	🇵🇰 Pakistan	Medium	3.75%
15	🇲🇦 Morocco	Medium	3.72%
16	🇺🇿 Uzbekistan	Medium	3.56%
17	🇺🇸 U.S.	Medium	3.48%
18	🇨🇴 Colombia	Medium	3.24%
19	🇬🇷 Greece	Medium	3.15%
20	🇳🇦 Namibia	Medium	3.09%
21	🇧🇳 Brunei	Medium	3.09%
22	🇸🇸 South Sudan	Medium	3.05%
23	🇹🇬 Togo	Medium	3.03%
24	🇲🇱 Mali	Medium	2.90%
25	🇨🇺 Cuba	Medium	2.88%
26	🇸🇬 Singapore	Medium	2.86%
27	🇧🇼 Botswana	Medium	2.86%
28	🇲🇲 Myanmar	Medium	2.76%
29	🇧🇫 Burkina Faso	Medium	2.70%
30	🇮🇶 Iraq	Medium	2.69%
31	🇰🇷 South Korea	Medium	2.69%
32	🇨🇬 Republic of Congo	Medium	2.68%
33	🇹🇩 Chad	Medium	2.66%
34	🇮🇳 India	Medium	2.58%
35	🇹🇳 Tunisia	Medium	2.58%
36	🇪🇨 Ecuador	Medium	2.34%
37	🇮🇷 Iran	Medium	2.32%
38	🇻🇳 Viet Nam	Medium	2.28%
39	🇰🇭 Cambodia	Medium	2.26%
40	🇲🇷 Mauritania	Medium	2.24%
41	🇳🇪 Niger	Medium	2.21%
42	🇧🇮 Burundi	Medium	2.21%
43	🇹🇷 Turkey	Medium	2.19%
44	🇵🇱 Poland	Medium	2.17%
45	🇱🇻 Latvia	Medium	2.14%
46	🇱🇹 Lithuania	Medium	2.13%
47	🇪🇪 Estonia	Medium	2.13%
48	🇬🇧 United Kingdom	Medium	2.12%
49	🇺🇾 Uruguay	Medium	2.11%
50	🇷🇸 Serbia	Medium	2.06%
51	🇺🇬 Uganda	Medium	2.02%
52	🇭🇷 Croatia	Low	1.97%
53	🇦🇺 Australia	Low	1.93%
54	🇨🇱 Chile	Low	1.92%
55	🇫🇷 France	Low	1.91%
56	🇨🇾 Cyprus	Low	1.90%
57	🇷🇴 Romania	Low	1.87%
58	🇧🇬 Bulgaria	Low	1.85%
59	🇸🇿 Eswatini	Low	1.82%
60	🇳🇴 Norway	Low	1.81%
61	🇨🇫 Central African Republic	Low	1.78%
62	🇱🇰 Sri Lanka	Low	1.77%
63	🇵🇹 Portugal	Low	1.77%
64	🇹🇼 Taiwan	Low	1.76%
65	🇨🇳 China	Low	1.72%
66	🇬🇪 Georgia	Low	1.71%
67	🇸🇰 Slovakia	Low	1.67%
68	🇬🇼 Guinea-Bissau	Low	1.65%
69	🇰🇬 Kyrgyzstan	Low	1.62%
70	🇬🇳 Guinea	Low	1.61%
71	🇫🇮 Finland	Low	1.60%
72	🇸🇳 Senegal	Low	1.58%
73	🇭🇳 Honduras	Low	1.56%
74	🇬🇦 Gabon	Low	1.56%
75	🇲🇿 Mozambique	Low	1.56%
76	🇱🇸 Lesotho	Low	1.56%
77	🇲🇪 Montenegro	Low	1.54%
78	🇫🇯 Fiji	Low	1.54%
79	🇯🇲 Jamaica	Low	1.49%
80	🇦🇴 Angola	Low	1.48%
81	🇮🇹 Italy	Low	1.48%
82	🇭🇺 Hungary	Low	1.48%
83	🇧🇴 Bolivia	Low	1.46%
84	🇸🇨 Seychelles	Low	1.43%
85	🇳🇱 Netherlands	Low	1.41%
86	🇸🇩 Sudan	Low	1.39%
87	🇷🇼 Rwanda	Low	1.39%
88	🇳🇵 Nepal	Low	1.36%
89	🇩🇰 Denmark	Low	1.36%
90	🇦🇱 Albania	Low	1.34%
91	🇪🇸 Spain	Low	1.34%
92	🇹🇭 Thailand	Low	1.33%
93	🇦🇫 Afghanistan	Low	1.33%
94	🇳🇿 New Zealand	Low	1.32%
95	🇨🇦 Canada	Low	1.32%
96	🇩🇪 Germany	Low	1.31%
97	🇲🇰 North Macedonia	Low	1.30%
98	🇧🇷 Brazil	Low	1.29%
99	🇧🇿 Belize	Low	1.28%
100	🇸🇻 El Salvador	Low	1.28%
101	🇧🇩 Bangladesh	Low	1.26%
102	🇿🇲 Zambia	Low	1.25%
103	🇬🇶 Equatorial Guinea	Low	1.24%
104	🇬🇾 Guyana	Low	1.22%
105	🇨🇮 Cote d'Ivoire	Low	1.22%
106	🇪🇬 Egypt	Low	1.20%
107	🇵🇪 Peru	Low	1.20%
108	🇧🇾 Belarus	Low	1.18%
109	🇸🇪 Sweden	Low	1.17%
110	🇰🇪 Kenya	Low	1.13%
111	🇸🇮 Slovenia	Low	1.10%
112	🇹🇱 Timor Leste	Low	1.08%
113	🇹🇿 Tanzania	Low	1.05%
114	🇨🇲 Cameroon	Low	1.04%
115	🇹🇯 Tajikistan	Low	1.03%
116	🇯🇵 Japan	Low	1.03%
117	🇧🇪 Belgium	Low	1.02%
118	🇱🇷 Liberia	Low	1.00%
119	🇲🇾 Malaysia	Low	0.98%
120	🇵🇭 Philippines	Low	0.96%
121	🇵🇾 Paraguay	Low	0.95%
122	🇽🇰 Kosovo	Low	0.95%
123	🇿🇦 South Africa	Low	0.94%
124	🇲🇼 Malawi	Low	0.92%
125	🇧🇦 Bosnia and Herzegovina	Low	0.84%
126	🇰🇿 Kazakhstan	Low	0.83%
127	🇦🇹 Austria	Low	0.78%
128	🇬🇲 Gambia	Low	0.76%
129	🇹🇹 Trinidad & Tobago	Low	0.75%
130	🇮🇩 Indonesia	Low	0.74%
131	🇨🇭 Switzerland	Low	0.73%
132	🇨🇿 Czech Republic	Low	0.71%
133	🇩🇴 Dominican Republic	Low	0.70%
134	🇲🇳 Mongolia	Low	0.69%
135	🇲🇬 Madagascar	Low	0.68%
136	🇨🇩 Dem. Rep. of Congo	Low	0.64%
137	🇳🇬 Nigeria	Low	0.64%
138	🇪🇹 Ethiopia	Low	0.64%
139	🇸🇱 Sierra Leone	Low	0.64%
140	🇦🇷 Argentina	Low	0.63%
141	🇱🇺 Luxembourg	Low	0.61%
142	🇲🇽 Mexico	Low	0.61%
143	🇳🇮 Nicaragua	Low	0.60%
144	🇨🇻 Cape Verde	Low	0.54%
145	🇧🇯 Benin	Low	0.54%
146	🇲🇹 Malta	Low	0.48%
147	🇬🇹 Guatemala	Low	0.45%
148	🇬🇭 Ghana	Low	0.43%
149	🇵🇬 Papua New Guinea	Low	0.38%
150	🇲🇩 Moldova	Low	0.36%
151	🇮🇪 Ireland	Low	0.27%
152	🇿🇼 Zimbabwe	Low	0.26%
153	🇻🇪 Venezuela	Low	0.20%
154	🇭🇹 Haiti	Low	0.17%
155	🇲🇺 Mauritius	Low	0.16%
156	🇨🇷 Costa Rica	Low	0.00%
157	🇮🇸 Iceland	Low	0.00%
158	🇵🇦 Panama	Low	0.00%

The medium group consists of 44 countries and is led by four nations (Jordan, Armenia, Azerbaijan, and Lebanon) that all spend more than 4% of their GDP on their militaries. Other familiar countries known to have large military budgets, like Russia, Pakistan, the U.S., India and the UK, are also in this category.

The low spend group has a total of 107 countries, but also contains some surprises. For example, China, France, and Germany—all in the top 10 countries by absolute military spend—actually have similar amounts of military spend as a percent of GDP as Georgia, Cyprus, and North Macedonia respectively.

At the bottom of the table are countries with either low military importance, or strange technicalities. For example, Mauritius is one of the countries with the lowest military budgets because it doesn’t officially have a standing military, instead relying on two paramilitary forces (a special mobile force and a Coast Guard).

Similarly, Iceland allocates 0% of its GDP towards military spending. In place of a standing army, the country maintains a specialized peacekeeping force, a substantial Coast Guard, and relies on security alliances within NATO, of which it is a member and provides financial support to.

Ranking Defense Spending Per Capita

While the measure above equalizes military spend on economic strength, per-capita military spending shows how much countries allocate while accounting for population size.

On a per-capita basis (again using a five-year average), Qatar leads the ranks with a per-capita spend of $4,564, well-ahead of Israel at $2,535, and Saudi Arabia at $1,928.

Rank	Country	Per Capita Spend ($)
1	🇶🇦 Qatar	$4,564
2	🇮🇱 Israel	$2,535
3	🇸🇦 Saudi Arabia	$1,928
4	🇸🇬 Singapore	$1,837
5	🇰🇼 Kuwait	$1,815
6	🇺🇸 U.S.	$1,815
7	🇳🇴 Norway	$1,438
8	🇴🇲 Oman	$1,254
9	🇦🇺 Australia	$1,131
10	🇧🇳 Brunei	$959
11	🇬🇧 UK	$913
12	🇰🇷 South Korea	$894
13	🇧🇭 Bahrain	$863
14	🇩🇰 Denmark	$861
15	🇫🇷 France	$811
16	🇫🇮 Finland	$801
17	🇳🇱 Netherlands	$765
18	🇱🇺 Luxembourg	$694
19	🇸🇪 Sweden	$662
20	🇨🇭 Switzerland	$647
21	🇨🇦 Canada	$645
22	🇬🇷 Greece	$629
23	🇩🇪 Germany	$623
24	🇳🇿 New Zealand	$610
25	🇪🇪 Estonia	$535
26	🇹🇼 Taiwan	$495
27	🇮🇹 Italy	$494
28	🇧🇪 Belgium	$487
29	🇷🇺 Russia	$467
30	🇱🇹 Lithuania	$463
31	🇵🇹 Portugal	$417
32	🇱🇻 Latvia	$405
33	🇨🇾 Cyprus	$399
34	🇯🇵 Japan	$398
35	🇪🇸 Spain	$395
36	🇦🇹 Austria	$393
37	🇵🇱 Poland	$359
38	🇺🇾 Uruguay	$354
39	🇸🇰 Slovakia	$334
40	🇱🇧 Lebanon	$334
41	🇸🇮 Slovenia	$302
42	🇺🇦 Ukraine	$302
43	🇭🇷 Croatia	$294
44	🇨🇱 Chile	$292
45	🇷🇴 Romania	$258
46	🇭🇺 Hungary	$248
47	🇮🇪 Ireland	$235
48	🇸🇨 Seychelles	$230
49	🇦🇿 Azerbaijan	$226
50	🇩🇿 Algeria	$219
51	🇦🇲 Armenia	$217
52	🇧🇼 Botswana	$215
53	🇯🇴 Jordan	$207
54	🇹🇷 Turkey	$199
55	🇨🇴 Colombia	$197
56	🇧🇬 Bulgaria	$194
57	🇨🇳 China	$183
58	🇲🇹 Malta	$175
59	🇨🇿 Czech Republic	$175
60	🇮🇷 Iran	$169
61	🇳🇦 Namibia	$159
62	🇮🇶 Iraq	$145
63	🇪🇨 Ecuador	$138
64	🇲🇪 Montenegro	$137
65	🇷🇸 Serbia	$133
66	🇹🇹 Trinidad & Tobago	$131
67	🇬🇦 Gabon	$124
68	🇲🇦 Morocco	$122
69	🇬🇶 Equatorial Guinea	$112
70	🇲🇾 Malaysia	$109
71	🇧🇷 Brazil	$107
72	🇹🇭 Thailand	$97
73	🇬🇾 Guyana	$92
74	🇹🇳 Tunisia	$91
75	🇫🇯 Fiji	$83
76	🇲🇰 North Macedonia	$83
77	🇰🇿 Kazakhstan	$82
78	🇵🇪 Peru	$81
79	🇬🇪 Georgia	$80
80	🇧🇾 Belarus	$80
81	🇯🇲 Jamaica	$77
82	🇦🇱 Albania	$76
83	🇸🇿 Eswatini	$72
84	🇱🇰 Sri Lanka	$69
85	🇦🇷 Argentina	$66
86	🇧🇿 Belize	$60
87	🇲🇽 Mexico	$59
88	🇩🇴 Dominican Republic	$58
89	🇻🇳 Viet Nam	$58
90	🇿🇦 South Africa	$56
91	🇸🇻 El Salvador	$54
92	🇧🇦 Bosnia and Herzegovina	$54
93	🇮🇳 India	$53
94	🇨🇬 Republic of Congo	$53
95	🇵🇾 Paraguay	$52
96	🇧🇴 Bolivia	$51
97	🇵🇰 Pakistan	$49
98	🇺🇿 Uzbekistan	$44
99	🇦🇴 Angola	$43
100	🇽🇰 Kosovo	$42
101	🇲🇷 Mauritania	$42
102	🇭🇳 Honduras	$42
103	🇪🇬 Egypt	$41
104	🇰🇭 Cambodia	$36
105	🇲🇲 Myanmar	$35
106	🇵🇭 Philippines	$33
107	🇲🇳 Mongolia	$33
108	🇮🇩 Indonesia	$31
109	🇧🇩 Bangladesh	$27
110	🇹🇱 Timor Leste	$27
111	🇲🇱 Mali	$26
112	🇸🇳 Senegal	$24
113	🇨🇮 Cote d'Ivoire	$23
114	🇹🇬 Togo	$21
115	🇰🇪 Kenya	$21
116	🇰🇬 Kyrgyzstan	$20
117	🇧🇫 Burkina Faso	$20
118	🇬🇳 Guinea	$19
119	🇱🇸 Lesotho	$19
120	🇨🇻 Cape Verde	$19
121	🇬🇹 Guatemala	$19
122	🇹🇩 Chad	$18
123	🇸🇸 South Sudan	$18
124	🇸🇩 Sudan	$18
125	🇺🇬 Uganda	$18
126	🇿🇼 Zimbabwe	$17
127	🇿🇲 Zambia	$16
128	🇲🇺 Mauritius	$16
129	🇨🇲 Cameroon	$16
130	🇳🇵 Nepal	$15
131	🇳🇬 Nigeria	$14
132	🇳🇮 Nicaragua	$12
133	🇬🇼 Guinea-Bissau	$12
134	🇹🇿 Tanzania	$12
135	🇨🇺 Cuba	$11
136	🇷🇼 Rwanda	$11
137	🇲🇩 Moldova	$11
138	🇵🇬 Papua New Guinea	$10
139	🇳🇪 Niger	$10
140	🇹🇯 Tajikistan	$9
141	🇨🇫 Central African Republic	$8
142	🇲🇿 Mozambique	$8
143	🇬🇭 Ghana	$8
144	🇧🇯 Benin	$7
145	🇧🇮 Burundi	$7
146	🇦🇫 Afghanistan	$6
147	🇬🇲 Gambia	$6
148	🇪🇹 Ethiopia	$5
149	🇻🇪 Venezuela	$5
150	🇲🇼 Malawi	$4
151	🇸🇱 Sierra Leone	$3
152	🇲🇬 Madagascar	$3
153	🇨🇩 Dem. Rep. of Congo	$3
154	🇱🇷 Liberia	$3
155	🇭🇹 Haiti	$2
156	🇨🇷 Costa Rica	$0
157	🇮🇸 Iceland	$0
158	🇵🇦 Panama	$0

Measured this way, we get a perspective of how small defense budgets can be per person, even if the total expenditure is large.

For example, India has the fourth-highest total defense expenditure in 2022, but because of its massive population only sets aside $53 per resident for its military, putting it solidly at the bottom third of the per-capita rankings.

Patterns Revealed By Measuring Military Spend

Changing how we look at a country’s military budget can reveal a lot more than just looking at absolute numbers.

For example, the Middle East is the region with the highest spenders on defense as a percentage of their GDP, giving us insight into regional security concerns.

Countries from the medium group of military spending—including parts of Eastern Europe, sub-Saharan Africa, and South Asia—highlight past or recent conflict zones between neighbors, countries with internal strife, or countries wary of a regional aggressor. Ukraine’s average per capita military spend, for example, was just $122.4 from 2018 to 2021. The next year, it jumped nearly 10 times to $1,018.66 per person after Russia’s invasion.

In fact, European military spending saw its sharpest one-year jump in 30 years as a direct result of the war.

Alongside European anxieties, ongoing tension between China and Taiwan has also contributed to increased military spending in Asia and Oceania. Will these budgets continue their dramatic ascent or will they rise evenly alongside their relative economies in 2023?

Data note: For these comparisons, the creator is calculating five-year averages (using data from 2018-2022) for military spending as a percentage of GDP and per-capita military spending for each country. The military expenditure data is pulled from Stockholm International Peace Research Institute.

Data for some countries is missing or may vary significantly from official figures. Countries with up to
two years of missing data had averages calculated on the years available, while countries with three or more years of missing data have been removed from this dataset, including: Djibouti, Eritrea, North Korea, Laos, Libya, Somalia, Syria, Turkmenistan, UAE, and Yemen.

Please see SIPRI’s methodologies page for more details on how they collect their data and create estimates.

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Economy

Economic Growth Forecasts for G7 and BRICS Countries in 2024

The IMF has released its economic growth forecasts for 2024. How do the G7 and BRICS countries compare?

Published

1 day ago

April 24, 2024

Niccolo Conte

Faded horizontal bar chart visualization of G7 and BRICS countries' real GDP growth forecasts for 2024.

G7 & BRICS Real GDP Growth Forecasts for 2024

The International Monetary Fund’s (IMF) has released its real gross domestic product (GDP) growth forecasts for 2024, and while global growth is projected to stay steady at 3.2%, various major nations are seeing declining forecasts.

This chart visualizes the 2024 real GDP growth forecasts using data from the IMF’s 2024 World Economic Outlook for G7 and BRICS member nations along with Saudi Arabia, which is still considering an invitation to join the bloc.

Get the Key Insights of the IMF’s World Economic Outlook

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Mixed Economic Growth Prospects for Major Nations in 2024

Economic growth projections by the IMF for major nations are mixed, with the majority of G7 and BRICS countries forecasted to have slower growth in 2024 compared to 2023.

Only three BRICS-invited or member countries, Saudi Arabia, the UAE, and South Africa, have higher projected real GDP growth rates in 2024 than last year.

Group	Country	Real GDP Growth (2023)	Real GDP Growth (2024P)
G7	🇺🇸 U.S.	2.5%	2.7%
G7	🇨🇦 Canada	1.1%	1.2%
G7	🇯🇵 Japan	1.9%	0.9%
G7	🇫🇷 France	0.9%	0.7%
G7	🇮🇹 Italy	0.9%	0.7%
G7	🇬🇧 UK	0.1%	0.5%
G7	🇩🇪 Germany	-0.3%	0.2%
BRICS	🇮🇳 India	7.8%	6.8%
BRICS	🇨🇳 China	5.2%	4.6%
BRICS	🇦🇪 UAE	3.4%	3.5%
BRICS	🇮🇷 Iran	4.7%	3.3%
BRICS	🇷🇺 Russia	3.6%	3.2%
BRICS	🇪🇬 Egypt	3.8%	3.0%
BRICS-invited	🇸🇦 Saudi Arabia	-0.8%	2.6%
BRICS	🇧🇷 Brazil	2.9%	2.2%
BRICS	🇿🇦 South Africa	0.6%	0.9%
BRICS	🇪🇹 Ethiopia	7.2%	6.2%
	🌍 World	3.2%	3.2%

China and India are forecasted to maintain relatively high growth rates in 2024 at 4.6% and 6.8% respectively, but compared to the previous year, China is growing 0.6 percentage points slower while India is an entire percentage point slower.

On the other hand, four G7 nations are set to grow faster than last year, which includes Germany making its comeback from its negative real GDP growth of -0.3% in 2023.

Faster Growth for BRICS than G7 Nations

Despite mostly lower growth forecasts in 2024 compared to 2023, BRICS nations still have a significantly higher average growth forecast at 3.6% compared to the G7 average of 1%.

While the G7 countries’ combined GDP is around $15 trillion greater than the BRICS nations, with continued higher growth rates and the potential to add more members, BRICS looks likely to overtake the G7 in economic size within two decades.

BRICS Expansion Stutters Before October 2024 Summit

BRICS’ recent expansion has stuttered slightly, as Argentina’s newly-elected president Javier Milei declined its invitation and Saudi Arabia clarified that the country is still considering its invitation and has not joined BRICS yet.

Even with these initial growing pains, South Africa’s Foreign Minister Naledi Pandor told reporters in February that 34 different countries have submitted applications to join the growing BRICS bloc.

Any changes to the group are likely to be announced leading up to or at the 2024 BRICS summit which takes place October 22-24 in Kazan, Russia.