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Global-level defence spending


Issue 1121 - 04 Mar 2021

London think tank the International Institute for Strategic Studies (IISS)’s annual Military Balance shows that Oman retains its position of having the largest defence budget as a percentage of GDP, at 12%, up from 9.9% in 2019. Kuwait and Saudi Arabia are in joint fourth place in the IISS rankings of the world’s biggest defence spenders, at 7.1% of GDP each. Iraq, the UAE and Qatar also make the global top 15 on this measure, with 5.8%, 5.6% and 4.4% of their respective GDPs.

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