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military budget by country

Advanced Software Systems for Military Operations, The Transatlantic Partner for Land Defense in Europe, High Performance Military Surveillance Systems, 13 June 2019 (Last Updated July 1st, 2020 18:05). Global Firepower tracks the annual defense spending budgets of each participant in the GFP ranking, these being funds officially allotted by respective governments to maintain and strengthen a standing fighting force. The UK Government plans to allocate $49bn for defence in 2019-’20, which accounts for 2% of its annual GDP. Compare. The SIPRI Military Expenditure Database contains consistent time series on the military spending of countries for the period 1949–2019. The first list is based on the Stockholm International Peace Research Institute (SIPRI) database which calculates military expenditures in 2009 (in constant 2008 US$). Crown copyright 2019.[/caption]. The Russian Ministry of Defence plans to upgrade its strategic nuclear assets, submarines and surface vessels, aircraft and helicopters, as well as its aerial capabilities through the induction of new fighters.

[caption id="attachment_218046" align="alignnone" width="450"] The UK Government proposed a budget of $49bn for defence in 2019-’20. This number marks an increase in Saudi Arabian military spending compared to previous years, an increase that was prompted to some extent by increased conflicts across the Middle East.

National security requires military and defense spending.

The first list is sourced from the Stockholm International Peace Research Institute for the year 2017 and from Military Balance 2017 published by International Institute for Strategic Studies for the year 2016. [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. Stockholm International Peace Research Institute, International Institute for Strategic Studies, Global annual military spending tops $1.2 trillion, List of countries by past military expenditure, List of countries by military expenditure per capita, List of countries by Global Militarization Index, "Trends in World Military Expenditure, 2019", "Data for all countries from 1988–2018 in constant (2017) USD (pdf)", "Military expenditure (% of GDP).

Military > Budget: Countries Compared Map. Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources. Volatility in global oil and gas prices has forced Saudi Arabia to cut its defence allocations by 9% year-over-year in 2019. The figures for Saudi Arabia include expenditure for public order and safety and might be slightly overestimated.

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 A higher revenue from oil sales and surpluses in financial reserves maintained by the country may also have contributed. Figures in constant (2018) and current US $, as a share of GDP and per capita are presented according to calendar year.

By 2045, India's defence expenditure might reach $654 billion, about the same as all European Union countries combined. The country's large budget goes to purchasing arms, to paying salaries to personnel, and to other military expenses. Image courtesy of Markus Rauchenberger, U.S.

Although China is a major arms exporter, it tends to import an almost equal amount of weapons as well.

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. The database is updated annually, which may include updates to data for any of the years included in the database. The procurement of submarines, warships, fighter jets, missiles, transport aircraft, and land-based equipment and systems is anticipated to account for a major share of the UK defence budget allocations. Even though Saudi Arabia's spending levels fell by 16% between 2018 and 2019, it still pumped close to $62 billion into its armed forces. Bank of England ponders digital currency, CTO Talk: Q&A with Forescout’s Robert McNutt. The United States remained by far the world's largest spender in 2019 with $732 billion, nearly as much as the next 10 spenders combined. [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].

[caption id="attachment_218048" align="alignnone" width="450"] Japan allocated a budget of $47bn for defence in 2019.

*Click below to enlarge (charted by Statista).

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