The ratio of military expenditure to gross domestic product (GDP) in Saudi Arabia decreased to 7.42 percent since the previous year. The ratio thereby reached its lowest value in recent years. Military expenditure figures refer to the amount of money spent on a country's armed forces, including peacekeeping and defense operations, among others. When comparing international figures, there may be some inconsistencies depending on what respective countries consider as military spending.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Lebanon and Jordan.
Saudi Arabia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
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World Bank. (May 30, 2024). Saudi Arabia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/810567/ratio-of-military-expenditure-to-gross-domestic-product-gdp-saudi-arabia/
World Bank. "Saudi Arabia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/810567/ratio-of-military-expenditure-to-gross-domestic-product-gdp-saudi-arabia/
World Bank. (2024). Saudi Arabia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/810567/ratio-of-military-expenditure-to-gross-domestic-product-gdp-saudi-arabia/
World Bank. "Saudi Arabia: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/810567/ratio-of-military-expenditure-to-gross-domestic-product-gdp-saudi-arabia/
World Bank, Saudi Arabia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810567/ratio-of-military-expenditure-to-gross-domestic-product-gdp-saudi-arabia/ (last visited July 22, 2024)
Saudi Arabia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/810567/ratio-of-military-expenditure-to-gross-domestic-product-gdp-saudi-arabia/