29 July 2024

Top 10 Countries by Military Spending

According to Al Jazeera, the top five countries in terms of military spending in 2024 are:
  • United States: Estimated to spend $967 billion, which is about 3.4% of the US economy
  • Germany: Estimated to spend $97.7 billion
  • United Kingdom: Estimated to spend $82.1 billion
  • France: Estimated to spend $64.3 billion
  • Poland: Estimated to spend $34.9 billion 
    Al Jazeera
    How much is each NATO country spending on its military in 2024?
    Jul 11, 2024 — For the first time, this amounts to 2 percent of their combined GDP.” The Unit...
In 2023, the top three countries for military spending were the United States, China, and Russia. However, these countries also have large populations and GDPs, so smaller countries may not be able to compete alone. Instead, smaller countries often form alliances, such as NATO, to pool resources and help each other in case of war. In 2023, 11 of NATO's 31 member states met NATO's goal of spending 2% of their GDP on their militaries, which was four more than in 2022. 
Generative AI is experimental. 


 

Military Spending by Country 2024

A nation’s military is a crucial asset. The military enforces domestic and foreign policies and protects its citizens. National security is regarded as a government duty, including the security of citizens, the economy, and the country’s institutions. National security is crucial and requires large budgets to build and maintain. These expenses are typically referred to as military spending and/or defense spending. In 2020, the total world military expenditure was about $1.981 trillionMilitary size varies significantly by country, typically correlating with each country’s size and military needs.

ChinaIndia, and the United States, unsurprisingly, have the largest militaries. A majority of the world’s nations have militaries, and only 36 nations do not have a military. Many nations have mandatory military service. The United States has the highest military spending of any nation. Its military spending includes all of the Department of Defense’s regular activities, war spending, the nuclear weapon program, international military assistance, and other Pentagon-related spending. In 2020, the U.S. spent $778 billion on military spending, more than the next nine top-spending countries combined.

Top 10 Countries with the Highest Military Expenditures (2022):

Country
Total Military Spending 2022
United States$811.6B
China$298B
India$81B
Saudi Arabia$73B
Russia$72B
United Kingdom$70B
Germany$57.8B
France$57B
Japan$53.9B
South Korea$49.6B

As mentioned previously, the United States spends more on its military than any other nation. The country’s $778 billion military expenditure is among the expensive government programs, along with Social Security and Medicare. The U.S. has the third-largest military with 1.367 million members on active duty and another 1.037 million in the National Guard and reserves. Following the United States is China, spending $252 billion and India, spending $72.9 billion.

  • Monetary values are expressed in Constant 2021 US$.
Country
Total Military Spending 2022 (USD)
Military Spending Per Capita
% of Country GDP
% of Govt Spending
United States$811.6B$2,3743.45%0%
China$298B$2091.6%4.79%
India$81B$562.43%8.26%
Saudi Arabia$73B$1,9497.42%27.79%
Russia$72B$5004.06%10.35%
United Kingdom$70B$1,0302.23%5.29%
Germany$57.8B$6941.39%2.75%
France$57B$8791.94%3.43%
Japan$53.9B$4401.08%2.53%
South Korea$49.6B$9592.72%10.57%
Ukraine$44B$1,15933.55%0%
Italy$34.6B$5901.68%3.17%
Australia$32.8B$1,2291.9%5.02%
Canada$26.1B$6681.24%2.88%
Israel$23.3B$2,5034.51%12.17%
Spain$21B$4421.47%3.14%
Brazil$17.7B$811.05%2.87%
Poland$16.8B$4182.39%5.84%
Netherlands$15.7B$8871.58%3.67%
Qatar$14.8B$5,3906.96%23.84%
Taiwan$12.9B$5401.61%9.37%
Pakistan$11.6B$472.63%17.89%
Singapore$11.4B$1,8782.77%16.91%
Colombia$10.3B$1973.08%9.18%
Norway$9B$1,6251.64%3.78%
Indonesia$8.9B$320.7%4.11%
Algeria$8.8B$1904.78%13.3%
Sweden$8.5B$7961.31%2.72%
Greece$8.3B$8103.69%7.26%
Kuwait$8B$1,8494.53%11.58%
Mexico$7.8B$610.61%2.22%
Belgium$7B$6011.18%2.23%
Switzerland$6.2B$7050.76%2.23%
Thailand$5.9B$821.16%4.58%
Chile$5.7B$2921.83%7.01%
Denmark$5.7B$9661.42%2.93%
Iran$5.6B$632.59%17.32%
Oman$5.6B$1,1905.17%17.6%
Morocco$5.4B$1403.9%12.06%
Egypt$5.2B$461.06%4.34%
Romania$5.2B$2631.73%4.97%
Finland$5.1B$9171.72%3.22%
Bangladesh$5B$281.13%7.7%
Iraq$4.4B$951.67%4.12%
Philippines$4.2B$351%3.86%
Austria$3.8B$4220.77%1.52%
Malaysia$3.8B$1090.96%4.28%
Czech Republic$3.7B$3531.36%3.17%
Portugal$3.6B$3571.35%3.14%
South Africa$3.1B$510.74%2.25%
New Zealand$3B$5631.18%2.82%
Myanmar$2.8B$513.05%14.24%
Hungary$2.8B$2781.53%3.3%
Nigeria$2.8B$120.64%4.22%
Azerbaijan$2.7B$2554.55%14.92%
Peru$2.6B$751.15%4.96%
Ecuador$2.4B$1312.16%0%
Jordan$2.2B$1974.84%15.08%
Argentina$2.1B$460.41%1.26%
Slovakia$2B$3511.76%3.82%
Lithuania$1.7B$6152.52%6.41%
Lebanon$1.6B$3140%0%
Serbia$1.4B$2032.28%5.25%
Croatia$1.3B$3362.17%3.93%
Bulgaria$1.3B$2021.51%4.06%
Bahrain$1.3B$8903.17%10.8%
Ireland$1.2B$2370.23%1.03%
Uruguay$1.2B$3521.9%6.74%
Tunisia$1.2B$952.48%6.97%
Sri Lanka$1.2B$531.43%8.57%
Kenya$1.1B$201%4.08%
Kazakhstan$1.1B$540.51%2.45%
Angola$980.5M$261.33%6.9%
Ethiopia$915.4M$70.9%6.15%
Uganda$896.8M$182.06%10.06%
Latvia$819.5M$4532.05%5.16%
Tanzania$806.8M$121.09%5.8%
Belarus$792.2M$841.2%32.12%
Slovenia$758.9M$3581.19%2.55%
Estonia$753.5M$5712.09%5.34%
Dominican Republic$672M$590.72%3.93%
Ivory Coast$647.1M$220.89%0%
Armenia$634.3M$2284.32%16%
Bolivia$619.6M$491.48%3.94%
Luxembourg$585.7M$8850.7%1.6%
Cambodia$583.4M$342.1%7.66%
Burkina Faso$553.9M$233.09%12.43%
Mali$536.3M$222.83%11.43%
Cyprus$514.6M$4061.81%4.52%
Botswana$491M$1812.74%8.07%
Senegal$453.4M$251.57%6.37%
Honduras$449.5M$421.53%5.61%
Cameroon$447.9M$150.95%5.57%
Brunei$436.2M$9572.37%9.16%
Nepal$433.7M$141.14%3.78%
Guatemala$405.4M$220.46%3.21%
El Salvador$393.7M$621.32%4.3%
Namibia$384.2M$1453%8.34%
Chad$382.9M$202.93%17.52%
Paraguay$358.9M$520.83%3.7%
Togo$358.5M$395.44%17.51%
Guinea$350.5M$242.04%11.33%
DR Congo$346.1M$30.58%0%
South Sudan$322.1M$293.02%5.47%
Gabon$301.6M$1211.26%8.49%
Albania$296.6M$1051.58%5.12%
Georgia$292.7M$791.43%5.26%
Republic of the Congo$288.8M$461.85%10.13%
Ghana$273.8M$80.35%1.54%
Niger$260.9M$91.66%7.21%
Zambia$248.9M$121.19%3.96%
Mozambique$247.8M$71.51%4.73%
North Macedonia$230.9M$1111.61%4.59%
Mauritania$217.2M$432.27%12.2%
Jamaica$203.2M$721.31%4.48%
Trinidad and Tobago$195M$1270.72%2.64%
Bosnia and Herzegovina$187.7M$590.81%2%
Zimbabwe$175.7M$100.43%5.26%
Rwanda$170.2M$121.45%4.48%
Equatorial Guinea$167.7M$961.1%8.03%
Kyrgyzstan$131.2M$191.48%4.32%
Benin$104.1M$70.56%3.03%
Mongolia$103.2M$300.6%1.78%
Montenegro$97.7M$1561.61%3.95%
Madagascar$96.6M$30.65%3.15%
Papua New Guinea$93.7M$90.33%1.55%
Tajikistan$93M$91.02%3.79%
Malta$92.4M$1720.5%1.22%
Burundi$89.3M$72.76%7.22%
Nicaragua$79M$110.53%1.97%
Eswatini$78.5M$641.65%0%
Guyana$78.3M$960.57%3.78%
Malawi$76.2M$40.64%2.86%
Fiji$67.5M$721.4%4.22%
Central African Republic$44.3M$71.7%8.96%
Moldova$40.1M$120.32%0.88%
Lesotho$35.5M$151.47%2.6%
Sierra Leone$26.2M$30.6%2.71%
Belize$22.2M$530.86%3.57%
Seychelles$22.2M$2051.38%3.2%
Mauritius$20.1M$150.17%0.59%
Liberia$17.8M$31.27%1.61%
Gambia$14.7M$50.69%2.96%
Haiti$13M$10.07%0.69%
Cape Verde$10.8M$180.55%1.57%
Venezuela$4.7M$00.65%0%
Somalia$null0%20.37%
Total$2.1T0%0%
showing: 147 rows

What country has the highest military spending?

With a military spending budget of $811.6BUnited States spends the most of any country.

Frequently Asked Questions

No comments:

CRYPTO MEME TOKEN JUMPS: Creating Market Value

Dogecoin increased by as much as 24.6% on Tuesday to nearly $0.44 and by about 10% on Wednesday to over $0.42 as of around 10:25 a.m. EST, s...