The Biggest Military Budgets As A Percentage Of GDP

July 4th, 2015
in News, econ_news, syndication

from Felix Richter,
by Niall McCarthy

According to a SIPRI estimate, Saudi Arabia's military spending now amounts to at least 10.4 percent of its GDP.

Follow up:

The kingdom boosted spending on its armed forces by 17 percent last year and it is now splurging more on its military than ever before. U.S. military expenditure "only" amounted to 3.5 percent of GDP in 2014, despite the amount spent topping $570 billion.

This chart shows estimated military expenditure as a % of GDP in selected countries in 2014.

Infographic: The Biggest Military Budgets As A Percentage Of GDP | Statista
You will find more statistics at Statista


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