Special Report

Countries Spending the Most on War

Methodology

To identify the countries spending the most on war, 24/7 Wall St. reviewed data from the Stockholm International Peace Research Institute, or SIPRI. Countries are ranked based on their military spending as a share of GDP in 2021. Data on total military spending in 2021 is also from SIPRI and is expressed in current USD. 

Accuracy of military spending figures vary. According to SIPRI, estimates for Algeria and Myanmar are “highly uncertain” and estimates for Bahrain, Oman, Saudi Arabia, and Ukraine are estimates. 

We also reviewed supplementary data on 2020 GDP per capita and population estimates from the World Bank. 

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