List of countries with highest military expenditures
This is a list of countries with the highest military expenditure in a given year. Military expenditure figures are presented in United States dollars based on either constant or current exchange rates.[1]
Highest military expenditure, total
The first list is based on the Stockholm International Peace Research Institute (SIPRI) fact sheet, which includes a list of the world's top 40 military spenders as of 2022, based on current market exchange rates.[1]
The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates.[2]
Some sources say that Russian and Chinese military spending are actually far higher than the chart due to captive markets and Purchasing Price Parity in those countries.[3][4]
40 Countries with the highest military spending worldwide in 2022[1] SIPRI Military Expenditure Database[5] |
List by the International Institute for Strategic Studies
2024 edition of "The Military Balance" from the International Institute for Strategic Studies (IISS)[2] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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