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    HomeNewsPhotosWorldThese 10 countries spend the highest percentage of GDP on military, see where India ranks

    These 10 countries spend the highest percentage of GDP on military, see where India ranks

    The countries mentioned in this list are ranked with respect to a portion of GDP they spend on their defence.

    Moneycontrol News
    February 04, 2020 / 08:05 IST
    Spending on the military grew to its highest since 1988 in recent years. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure stood at $1.8 trillion in 2018. While the countries mentioned below are ranked with respect to a portion of the GDP, the US is the largest spender on defence. It spent $649 billion in 2018, more than the eight countries that follow it combined (Image: Reuters)
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    Spending on the military across the world grew the highest since 1988 in recent years. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure stood at $1.8 trillion in 2018. The countries ranked below spend the highest portion of their GDP as part of their defence budget. (Image: Reuters)
    10 | United Kingdom: 1.8 percent of GDP (Image: Reuters)
    2/11
    No 10 | United Kingdom: 1.8 percent of GDP (Image: Reuters)
    9 | China 1.9: percent of GDP (Image: Reuters)
    3/11
    No 9 | China: 1.9 percent of GDP (Image: Reuters)
    8 | Australia: 1.9 percent of GDP (Image: Reuters)
    4/11
    No 8 | Australia: 1.9 percent of GDP (Image: Reuters)
    7 | France: 2.3 percent of GDP (Image: Reuters)
    5/11
    No 7 | France: 2.3 percent of GDP (Image: Reuters)
    6 | India: 2.4 percent of GDP (Image: PTI)
    6/11
    No 6 | India: 2.4 percent of GDP (Image: PTI)
    5| Turkey: 2.5 percent of GDP (Image: Reuters)
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    No 5 | Turkey: 2.5 percent of GDP (Image: Reuters)
    No. 3 | US | Total available active military manpower: 1,281,900 (Image: Reuters)
    8/11
    No 4 | United States: 3.2 percent of GDP (Image: Reuters)
    3 | Russia: 3.9 percent of GDP (Image: Reuters)
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    No 3 | Russia: 3.9 percent of GDP (Image: Reuters)
    2 | Israel: 4.3 percent of GDP (Image: Reuters)
    10/11
    No 2 | Israel: 4.3 percent of GDP (Image: Reuters)
    1 | Saudi Arabia: 8.8 percent of GDP (Image: Reuters)
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    No 1 | Saudi Arabia: 8.8 percent of GDP (Image: Reuters)
    Moneycontrol News
    Tags: #defence #GDP #Slideshow
    first published: Feb 4, 2020 08:05 am

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