In 2023, the global defence expenditure by central governments showcased diverse investment levels across countries. Israel led with a 14.91% value, followed by the United States at 13.62%, and Germany at 9.45%. Emerging countries like Colombia and Romania also showed significant allocations at 8.84% and 7.67% respectively. On the lower end, Austria, Portugal, and Denmark allocated 1.88%, 2.29%, and 3.03% respectively. Norway, Slovenia, and Poland had moderate allocations, all falling between 4% to 7%.
Year-on-year, variations remained stable with no marked changes observed. Over the last five years, the Compound Annual Growth Rate (CAGR) has shown consistent trends without substantial fluctuation across the board.
Looking ahead, several trends are probable to shape global defence expenditures:
Top countries in Defence Expenditure by Central Governement by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Israel | 14.91 | 2023 | View data |
| 2 | 2 United States | 13.62 | 2023 | View data |
| 3 | 3 Germany | 9.45 | 2023 | View data |
| 4 | 4 Colombia | 8.84 | 2023 | View data |
| 5 | 5 Romania | 7.67 | 2023 | View data |
| 6 | 6 Poland | 7.2 | 2023 | View data |
| 7 | 7 Lithuania | 6.66 | 2023 | View data |
| 8 | 8 Norway | 4.59 | 2023 | View data |
| 9 | 9 Slovenia | 3.78 | 2023 | View data |
| 10 | 10 Denmark | 3.03 | 2023 | View data |
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