The Top 10 Countries With The Largest Military Budgets: Major World Powers
As predicted, United States has by far the biggest military budget (accounted for 37 percent of total global military spending), according to a report published by the Stockholm International Peace Research Institute (SIPRI), measures annual military spending for most of the world’s armed countries.
The Top 10 Countries With The Largest Military Budgets: Major World Powers
10. Brazil
# Military expenditure: $36.2 billion
# Expenditure as pct. of GDP: 1.4% (tied, 62nd lowest)
# 1-yr. spending change: -3.9% (26th lowest)
# Total arms imports: $254 million (24th highest)
# Total arms exports: $36 million (12th lowest)
9. India (Observer states of Shanghai Cooperation Organisation or SCO)
# Military expenditure: $49.1 billion
# Expenditure as pct. of GDP: 2.5% (31st highest)
# 1-yr. spending change: -0.7% (46th lowest)
# Total arms imports: $5.6 billion (the highest)
# Total arms exports: $10 million (10th lowest)
8. Germany (NATO member states, Organisation for Joint Armament Cooperation)
# Military expenditure: $49.3 billion
# Expenditure as pct. of GDP: 1.4% (tied, 62nd lowest)
# 1-yr. spending change: 0.0% (53rd lowest)
# Total arms imports: $129 million (36th highest)
# Total arms exports: $972 million (6th highest)
7. United Kingdom (NATO member states, Organisation for Joint Armament Cooperation)
# Military expenditure: $56.2 billion
# Expenditure as pct. of GDP: 2.3% (34th highest)
# 1-yr. spending change: -2.6% (34th lowest)
# Total arms imports: $438 million (15th highest)
# Total arms exports: $1.4 billion (5th highest)
6. Japan
# Military expenditure: $59.4 billion
# Expenditure as pct. of GDP: 1.0% (31st lowest)
# 1-yr. spending change: -0.2% (52nd lowest)
# Total arms imports: $145 million (34th highest)
# Total arms exports: N/A
5. France (NATO member states, Organisation for Joint Armament Cooperation)
# Military expenditure: $62.3 billion
# Expenditure as pct. of GDP: 2.2% (39th highest)
# 1-yr. spending change: -2.3% (35th lowest)
# Total arms imports: $43 million (55th highest)
# Total arms exports: $1.5 billion (4th highest)
4. Saudi Arabia (Member states of Peninsula Shield Force, the military side of the Cooperation Council for the Arab States of the Gulf (aka the Gulf Cooperation Council or GCC).
# Military expenditure: $62.8 billion
# Expenditure as pct. of GDP: 9.3% (2nd highest)
# 1-yr. spending change: 14.3% (16th highest)
# Total arms imports: $1.5 billion (4th highest)
# Total arms exports: N/A
3. Russia (Member states of Shanghai Cooperation Organisation or SCO, Collective Security Treaty Organization or CSTO)
# Military expenditure: $84.9 billion
# Expenditure as pct. of GDP: 4.1% (10th highest)
# 1-yr. spending change: 4.8% (48th highest)
# Total arms imports: $148 million (33rd highest)
# Total arms exports: $8.3 billion (the highest)
2. China (Member states of Shanghai Cooperation Organisation or SCO)
# Military expenditure: $171.4 billion
# Expenditure as pct. of GDP: 2.0% (45th highest)
# 1-yr. spending change: 7.4% (36th highest)
# Total arms imports: $1.5 billion (3rd highest)
# Total arms exports: $1.8 billion (3rd highest)
1. United States (NATO member states)
# Military expenditure: $618.7 billion
# Expenditure as pct. of GDP: 3.8% (14th highest)
# 1-yr. spending change: -7.8% (12th lowest)
# Total arms imports: $759 million (8th highest)
# Total arms exports: $6.2 billion (2nd highest)
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
