(measure: percent; Source: The Stockholm International Peace Research Institute)
* indicates monthly or quarterly data series
Libya: Military spending, percent of GDP
For that indicator, The Stockholm International Peace Research Institute provides data for Libya from 1960 to 2014. The average value for Libya during that period was 3.3 percent with a minimum of 0.95 percent in 2007 and a maximum of 15.48 percent in 2014.
The latest value from 2014 is 15.48 percent. For comparison, the world average in 2014 based on 153
countries is 1.98 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The entire data set can be obtained at sipri data.
Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.