Military spending, percent of GDP - Country rankings:
The average for 2012 was 1.95 percent.The highest value was in Saudi Arabia: 8.9 percent and the lowest value was in Iceland: 0.1 percent. Below is a chart for all countries where data are available for: Military spending, percent of GDP.
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.