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Mapped: World’s Top 40 Largest Military Budgets

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A map of the top 40 largest military budgets in the world in 2022

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Mapped: World’s Top 40 Largest Military Budgets

In the final year of World War II, the U.S. spent about 38% of its GDP on its military. When adjusted for inflation, the military budget over those four years of war came to a staggering $4.1 trillion in 2020 dollars.

Almost 80 years later, modern day military spending isn’t much of a far cry from World War II budgets. The top spenders have continued to increase their military capabilities, while war in Ukraine has caused countries in the region to re-evaluate their budgets as well.

In 2022, global military budgets hit an all-time high of $2.2 trillion, according to data released by Stockholm International Peace Research Institute (SIPRI), the eighth consecutive year of increase. This post looks at the top 40 largest military budgets in the world.

The Largest Military Budgets in 2022

The United States accounts for almost 40% of global military expenditures, with its 2022 spend coming to $877 billion.

Here are the top 40 largest military budgets in the world for 2022 in U.S. dollars:

RankCountryMilitary Budget (Billions)% of World
Military Spend
1🇺🇸 U.S.$876.939.0%
2🇨🇳 China$292.013.0%
3🇷🇺 Russia$86.43.9%
4🇮🇳 India$81.43.6%
5🇸🇦 Saudi Arabia$75.03.3%
6🇬🇧 UK$68.53.1%
7🇩🇪 Germany$55.82.5%
8🇫🇷 France$53.62.4%
9🇰🇷 South Korea$46.42.1%
10🇯🇵 Japan$46.02.1%
11🇺🇦 Ukraine$44.02.0%
12🇮🇹 Italy$33.51.5%
13🇦🇺 Australia$32.31.4%
14🇨🇦 Canada$26.91.2%
15🇮🇱 Israel$23.41.0%
16🇪🇸 Spain$20.30.9%
17🇧🇷 Brazil$20.20.9%
18🇵🇱 Poland$16.60.7%
19🇳🇱 Netherlands$15.60.7%
20🇶🇦 Qatar$15.40.7%
21🇹🇼 Taiwan$12.50.6%
22🇸🇬 Singapore$11.70.5%
23🇹🇷 Türkiye$10.60.5%
24🇵🇰 Pakistan$10.30.5%
25🇨🇴 Colombia$9.90.4%
26🇩🇿 Algeria$9.10.4%
27🇮🇩 Indonesia$9.00.4%
28🇲🇽 Mexico$8.50.4%
29🇳🇴 Norway$8.40.4%
30🇰🇼 Kuwait$8.20.4%
31🇬🇷 Greece$8.10.4%
32🇸🇪 Sweden$7.70.3%
33🇧🇪 Belgium$6.90.3%
34🇮🇷 Iran$6.80.3%
35🇨🇭 Switzerland$6.10.3%
36🇴🇲 Oman$5.80.3%
37🇹🇭 Thailand$5.70.3%
38🇨🇱 Chile$5.60.2%
39🇩🇰 Denmark$5.50.2%
40🇷🇴 Romania$5.20.2%

China, ranked second in absolute terms, accounts for another 13% of world military expenditure at $292 billion.

Russia, India and Saudi Arabia round out the top five biggest military budgets in 2022. Add in the UK to the mix (#6 rank), and these countries all had military expenditures that made up at least 3% of global spend.

Comparatively, the lowest budgets on the top 40 ranged include Romania at $5.2 billion, Denmark at $5.5 billion, and Chile at $5.6 billion. They each account for just 0.2% of the world’s military budgets in 2022, and of course there are many countries with even smaller spends.

Largest Military Budget Increases in 2022

Russia’s position as the third-largest military spender is a recent development, as the country’s military spend had a 9% increase between 2021 and 2022, according to SIPRI estimates.

On the other side of Russia’s invasion, Ukraine was the top 40 military budget with the largest annual increase in 2022, surging nearly six and a half times above its 2021 expenditures.

Country% Change
(2021-2022)
Rank Change
(2021-2022)
🇺🇦 Ukraine640%+25
🇶🇦 Qatar27%+2
🇸🇦 Saudi Arabia16%+3
🇧🇪 Belgium13%0
🇳🇱 Netherlands12%0
🇸🇪 Sweden12%-1
🇵🇱 Poland11%0
🇷🇺 Russia9.2%+2
🇩🇰 Denmark8.8%+3
🇪🇸 Spain7.3%-1
🇳🇴 Norway6.2%0
🇮🇳 India6.0%-1
🇯🇵 Japan5.9%-1
🇮🇷 Iran4.6%+5
🇨🇳 China4.2%0
🇬🇧 UK3.7%-2
🇨🇦 Canada3.0%-1
🇸🇬 Singapore2.8%+1
🇩🇪 Germany2.3%0
🇮🇩 Indonesia1.3%0
🇨🇴 Colombia1.1%-1
🇺🇸 U.S.0.7%0
🇫🇷 France0.6%-2
🇬🇷 Greece0.6%-1
🇨🇭 Switzerland0.4%-1
🇹🇼 Taiwan0.4%-1
🇦🇺 Australia0.3%-1
🇵🇰 Pakistan-2.0%-3
🇰🇷 South Korea-2.5%+1
🇷🇴 Romania-2.6%+1
🇴🇲 Oman-3.0%+1
🇩🇿 Algeria-3.7%-1
🇮🇱 Israel-4.2%-1
🇮🇹 Italy-4.5%-1
🇨🇱 Chile-6.2%-3
🇧🇷 Brazil-7.9%-1
🇲🇽 Mexico-9.7%0
🇰🇼 Kuwait-11%-4
🇹🇭 Thailand-11%-5
🇹🇷 Türkiye-26%-6

Ukraine’s dramatic increase represents the highest single-year jump ever recorded by SIPRI, painting a vivid before-and-after picture of a nation engaged in conflict.

Although no other country comes close in matching Ukraine’s surge in defense spending, Qatar saw a substantial increase of 27% over the last year, marking a continuing trend over the last decade of significantly bolstering its military.

Additionally, Saudi Arabia, along with four European nations (Belgium, the Netherlands, Sweden, and Poland), have registered year-over-year changes of over 10%.

On the flipside, 13 of the nations with the largest military budgets decreased spend from 2021, including top 15 spenders such as South Korea, Italy, and Israel.

The largest drop was seen by Türkiye, with an estimated 26% reduction in military budget. This drop may be linked to Türkiye’s inflation problem, which saw prices rise 72.3% in 2022—effectively decreasing the purchasing power of their currency in relative terms to other nations.

The Specter of War in Europe

With an ongoing conflict in the region and large financial powerhouses, its no surprise that eight of the top 10 countries with the most significant increases in military spending are located in Europe.

Consequently, European military budgets have reached levels not witnessed since the end of the Cold War.

And amid escalating geopolitical concerns, countries in Asia such as India, Japan, and China have also ramped up their defense spending. This is an indication of simmering global flashpoints such as India and China’s border skirmishes, the longstanding South China Sea territorial conflict, and concerns surrounding Taiwan’s sovereignty.

Source: Stockholm International Peace Research Institute (SIPRI).

Data note: SIPRI’s military expenditure data collection began in 1949, thus its records do not account for all expenditure that occurred during both World Wars.

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

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Demographics

Mapped: The Population of China and India in Perspective

We compare the populations of India and China to other top countries and regions for a unique perspective on the world’s demographics.

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The Population of China and India in Perspective

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

China and India, the world’s two most populous countries, each boast populations exceeding 1.4 billion people.

To put this into perspective, we visualized populations of China and India beside other leading countries and regions. All figures are for 2023, and were accessed via Worldometer.

Data and Key Takeaways

All of the data we used to create this graphic is listed in the table below.

Country / RegionPopulation (2023)
🌍 Africa1,460,481,772
🇮🇳 India1,428,627,663
🇨🇳 China1,425,671,352
🌎 Latin America & the Caribbean664,997,121
🇪🇺🇬🇧 EU plus UK516,659,018
🇺🇸 U.S.339,996,563
🇮🇩 Indonesia277,534,122

From these figures, we can see that the entire population of Africa (currently the fastest growing region in the world) barely surpasses that of China and India.

The populations of China and India are each more than double the size of Latin America and the Caribbean, and nearly triple that of the European Union (including the UK).

Fast Facts on Global Population

Here are some important figures to know regarding the world’s population:

  • China accounts for 17.7% of the world’s population, while India represents a slightly larger 17.8% share.
  • Africa is the fastest growing region in the world, with annual growth of about 2.4%.
  • Europe is the only region in the world that is shrinking, at about -0.17% annually.

Learn More About Demographics from Visual Capitalist

If you enjoy graphics like these, be sure to check out Population Projections: The World’s 6 Largest Countries in 2075.

It reveals a startling contrast between the trajectories of China and India, with the latter peaking at 1.7 billion in the mid-2060s.

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