Top 20 Countries by Military Spending (% of GDP) in 2024

Rank Country Military Expenditure (% of GDP)

1 Ukraine 34%

2 Israel 9%

3 Algeria 8%

4 Saudi Arabia 7%

5 Russia 7%

6 Kuwait 5%

7 Poland 4%

8 United States 3%

9 Colombia 3%

10 Greece 3%

11 Singapore 3%

12 Pakistan 3%

13 South Korea 3%

14 Denmark 2%

15 Iraq 2%

16 India 2%

17 United Kingdom 2%

18 Romania 2%

19 Finland 2%

📌 Source: Stockholm International Peace Research Institute (SIPRI)







❓ Why Does Ukraine Spend the Highest Percentage of GDP on Military?

Ongoing War with Russia (2022–Present)


Following Russia's full-scale invasion in February 2022, Ukraine has dramatically increased military spending to ensure national survival.


Allocating 34% of GDP to defense is necessary for wartime operations and military sustainment.


Military Reinforcement & Arms Procurement

While receiving weapons support from Western nations (U.S., EU, etc.), Ukraine has also significantly expanded its own defense budget.

Major expenses include troop mobilization, weapons purchases, and air defense systems (e.g., anti-missile technology).


High Ratio Relative to GDP Size

Ukraine's GDP is relatively small, making military spending appear disproportionately high.

Example: The U.S. spends more in absolute terms but only 3% of its GDP.


National Security Emergency

Countries at war typically see a sharp rise in military expenditures.

(Other examples: Israel 9%, Russia 7%)



Conclusion

Ukraine's exceptionally high military spending is primarily driven by its ongoing war with Russia. The country is allocating over one-third of its GDP to defense as a matter of national survival.


🚨 Note: If the war ends, Ukraine's military spending ratio is likely to decrease significantly.

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