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Contact Us Articles Countries that spend the most money on their militaries, ranked
Contact Us Articles Countries that spend the most money on their militaries, rankedCountries that spend the most money on their militaries, ranked
Countries that spend the most money on their militaries, ranked
Massive military budgets
Political tensions continue to rise – and so do military budgets. The world's nations spent almost $2 trillion (£1.46tn) on their armed forces in 2020, an increase of 2.6% since 2019. And, according to the latest data from the Stockholm International Peace Research Institute (SIPRI), military spending accounted for 2.4% of the world's GDP in 2020, the biggest year-on-year growth for over a decade. Read on to discover the world's top military spenders and the countries currently missing their defence spending targets. All dollar values in US dollars.
Reference: Love Money: lovemoney staff
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