Military Expenditure (% of GDP) 2024

Czech Republic

The Czech Republic ranks #65 globally in Military Expenditure (% of GDP) for 2024, with a value of 1.8763857 %. This figure is below the NATO guideline of 2% and reflects a cautious approach to defense spending compared to its regional neighbors, many of which allocate higher percentages to military budgets. The country's focus on modernization of its armed forces and participation in multinational defense initiatives drives its military expenditure, influenced by both historical commitments and current geopolitical considerations.

Jamaica

In 2024, Jamaica ranks #86 globally with a military expenditure of 1.3856797 % of its GDP. This figure is below the global average and reflects a focus on social development over military spending, particularly when compared to regional neighbors like the Dominican Republic, which has higher military expenditure. Jamaica's strategic priorities are influenced by its geographical position in the Caribbean, where it faces challenges such as drug trafficking and organized crime, necessitating a balanced approach to national security and economic development.

Indonesia

In 2024, Indonesia's military expenditure is ranked #120 globally, accounting for 0.8603018 % of its GDP. This figure is notably lower than the global average, reflecting the country's focus on economic development over military spending. Key drivers for this relatively modest expenditure include Indonesia's vast archipelagic geography, which necessitates a focus on maritime security, and its ongoing efforts to bolster economic growth and infrastructure rather than prioritize military expansion.

Benin

In 2024, Benin's military expenditure is 0.77884793 % of its GDP, ranking #123 out of 152 countries. This figure is relatively low compared to regional neighbors, reflecting a focus on social and economic development over military spending.

The country's strategic priorities are influenced by its geographic location in West Africa, where security challenges exist, yet economic constraints limit defense budgets. Additionally, Benin's commitment to democratic governance and stability has led to a preference for diplomatic solutions over military engagement.

Costa Rica

Costa Rica ranks #150 globally in military expenditure, with a value of 0 % of its GDP in 2024. This is significantly lower than the global average, reflecting the country’s commitment to a long-standing policy of demilitarization. Costa Rica abolished its military in 1949, redirecting resources towards education and health, which has fostered a stable and peaceful society, contributing to its reputation as a leader in sustainable development in the region.

Bahrain

Bahrain ranks #25 globally in 2024 for Military Expenditure, allocating 2.9449298 % of its GDP to defense. This figure is notably higher than the global average, reflecting the country's strategic position in the Gulf region, which is characterized by geopolitical tensions. The significant military spending is driven by Bahrain's need to bolster its defense capabilities amid regional security challenges and its reliance on a strong military partnership with allies, particularly the United States.

Azerbaijan

Azerbaijan ranks #10 globally in 2024 for Military Expenditure (% of GDP) at 5.082478%. This figure is notably higher than the global average, indicating a significant prioritization of military funding. Key drivers for this expenditure include ongoing regional tensions, particularly with Armenia, and a strategic focus on enhancing national defense capabilities amid geopolitical challenges. Additionally, Azerbaijan's oil revenues provide the financial resources necessary to support such military investments.

Colombia

In 2024, Colombia's military expenditure is ranked #20 globally, at 3.3131409 % of its GDP. This figure is notably higher than the regional average for Latin America, reflecting the country's ongoing security challenges. Key drivers of this expenditure include Colombia's long-standing issues with internal conflict and drug trafficking, which necessitate substantial investment in military and defense capabilities.

Estonia

In 2024, Estonia ranks #21 globally in military expenditure, allocating 3.3025708 % of its GDP to defense. This figure is notably higher than the NATO guideline of 2%, reflecting the country's commitment to national security amid regional tensions. Estonia's strategic location near Russia and its emphasis on cybersecurity and defense initiatives drive this significant investment in military capabilities.

Botswana

In 2024, Botswana ranks #31 globally for Military Expenditure (% of GDP) at 2.6768765 %. This figure is higher than the regional average for Southern Africa, indicating a significant commitment to defense compared to its neighbors. The country's military spending is influenced by its strategic location and the need to address regional security challenges, as well as its relatively stable economy which allows for such investments.