Saudi Arabia: Military spending, percent of GDP
* indicates monthly or quarterly data series
Saudi Arabia |
Military spending, percent of GDP |
---|---|
Latest value | 7.42 |
Year | 2022 |
Measure | percent |
Data availability | 1963 - 2022 |
Average | 10.93 |
Min - Max | 5.90 - 19.00 |
Source | Stockholm International Peace Research Institute |
The latest value from 2022 is 7.42 percent, a decline from 7.58 percent in 2021. In comparison, the world average is 1.98 percent, based on data from 145 countries. Historically, the average for Saudi Arabia from 1963 to 2022 is 10.93 percent. The minimum value, 5.9 percent, was reached in 1963 while the maximum of 19 percent was recorded in 1984.
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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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Military spending | 75.01 | 2022 | billion U.S. dollars |
Military spending, percent of GDP | 7.42 | 2022 | percent |
Military spending, percent of government spending | 27.79 | 2022 | percent |
Armed forces | 282,000 | 2020 | people |
Armed forces, percent of labor force | 1.76 | 2020 | percent |
Arms exports | 5.00 | 2016 | million U.S. dollars |
Arms imports | 2,272.00 | 2022 | dollars |