France allocated a budget of €35.9bn ($48bn) in 2019 for defence, representing an increase of 4.7% over 2018. Saudi Arabia is the world's third largest military spender. The first list is based on the Stockholm International Peace Research Institute (SIPRI) database which calculates military expenditures in 2009 (in constant 2008 US$). [1], The second list is based on the 2020 edition of "The Military Balance" published by the (IISS) using average market exchange rates.[2]. National security requires military and defense spending. Military Spending by Country According to the Stockholm International Peace Research Institute. [caption id="attachment_218043" align="alignnone" width="450"] The Indian defence allocations are mainly driven by anti-terrorism measures and territorial tensions with Pakistan and China.[/caption]. In 2019, India spent just over $71 billion on its military, or 2.4% of GDP, while Moscow's expenditure grew 4.5% to $65 billion or 3.9% of GDP. In 2019, India spent just over $71 billion on its military, or 2.4% of GDP, while Moscow's expenditure grew 4.5% to $65 billion or 3.9% of GDP. The budget allocations will also support the construction of a submarine and two destroyers, as well as the procurement of nine airborne early-warning aircraft, SM-3 Block IIA, and SM-3 Block IB missiles for the ballistic missile defence system. PEACE RESEARCH INSTITUTE. The GlobalFirepower.com logo is a trademark of this website and is protected by all applicable domestic and international intellectual property laws. The countries who spent the largest percentage of this money are listed below: Russia, one of the world’s largest exporter of arms, spent $84.5 billion dollars on arms, military personnel, procurement and other military costs in 2017. Army.[/caption]. The increase in defence spending will support the acquisition of new and modernised equipment as the German military currently suffers from the lack of heavy equipment such as tanks, aircraft, and submarines. I am a Statista data journalist, covering technological, societal and media topics through visual representation. CT40 Cannon: proven system or cause of delays? Last year's total was 3.6% higher in real terms than 2018 and 7.2% higher than 2010. SE-169 72 Solna Despite its decrease in spending, the military still accounted for 8 percent of Saudi Arabia's GDP in 2019, the highest share out of the top-15 spenders in SIPRI's analysis. This first list is a list of countries by military expenditure share of GDP—more specifically, a list of the top 15 countries by percentage share in recent years—the amount spent by a nation on its military as a share of its GDP. Image courtesy of Republic of Korea Armed Forces.[/caption]. Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources. Country profiles. Regardless, the United States will still likely account for a larger share of global military spending than any other country for many years to come. That figure is equivalent to 8% of the country's GDP. More than 65% of the budget is dedicated to the maintenance of troops and military equipment. This article contains a list of countries by military expenditure in a given year. Telephone/switchboard The defence allocations will also support potential acquisition programmes, including airborne early warning and control (AEW&C) systems, anti-submarine helicopters, attack helicopters, Aegis combat systems, and SM-3 ballistic missile interceptors. The current year’s defence budget accounts for 1.82% of the nation’s gross domestic product (GDP). Defense Spending by Country (2020) Total annual defense spending by nation. Allocations have been made to support the undertaking of nuclear defence and missile defence programmes. Figures in constant (2018) and current US $, as a share of GDP and per capita are presented according to calendar year. South Korea’s defence spending is mainly focussed on the development and improvement of defence capabilities to counter potential threats from its rival North Korea. In 2019, military spending accounted for 3.4% of U.S. GDP. Factoid #165 Bolivia has 4,500 Navy personnel - which seems like quite a lot for a landlocked country. Image courtesy of Markus Rauchenberger, U.S. In fact, I love to write about all trending topics, illustrating patterns and trends in a quick, clear and meaningful way. The second list is sourced only from the Stockholm International Peace Research Institute for the year 2017. [1], The first list is based on the SIPRI fact sheet which includes a list of the world's top 15 military spenders in 2019, based on current market exchange rates. In fact, I love to write about all trending topics. Country Spending (US$ bn) 1: United States: 684.6 2: China: 181.1 3: Saudi Arabia: 78.4 4: Russia: 61.6 5: India: 60.5 6: United Kingdom: 54.8 7: France: 52.3 8: Japan: 48.6 9: Germany: 48.5 10: South Korea: 39.8 11: Brazil: 27.5 12: Italy: 27.1 13: Australia: 25.5 14: Israel: 22.6 15: Iraq: 20.5 By Jessica Dillinger on June 11 2018 in World Facts.