Military Spending by Country in 1954
In 1954, United States had the world's largest military budget at $521.1 billion, while United States spent the highest share of its economy on defense at 11.7% of GDP.
Data updated: July 7, 2026
Full ranking
| Rank | Country | USD (millions) | Percent of GDP |
|---|---|---|---|
| 1 | United States | $521,101M | 11.74% |
| 2 | United Kingdom | $60,324M | 10.06% |
| 3 | France | $26,277M | 6.12% |
| 4 | Germany | $19,821M | 3.72% |
| 5 | Canada | $15,180M | 6.86% |
| 6 | Italy | $9,460M | 3.53% |
| 7 | Netherlands | $7,808M | — |
| 8 | Japan | $7,375M | 2.19% |
| 9 | Belgium | $5,513M | 4.88% |
| 10 | Australia | $5,288M | 3.97% |
| 11 | Argentina | $3,815M | — |
| 12 | Spain | $3,507M | 2.29% |
| 13 | Denmark | $2,363M | 3.19% |
| 14 | Norway | $1,986M | 5.00% |
| 15 | Greece | $1,161M | 5.49% |
| 16 | Turkey | $1,156M | — |
| 17 | Peru | $1,129M | 2.69% |
| 18 | Portugal | $965M | 2.58% |
| 19 | Mexico | $762M | 0.88% |
| 20 | Israel | $494M | — |
| 21 | South Korea | $465M | 5.85% |
| 22 | Myanmar | $438M | — |
| 23 | South Africa | $227M | 1.20% |
| 24 | Luxembourg | $127M | 3.26% |
| 25 | Chile | $112M | 1.69% |
| 26 | Honduras | $27M | 1.00% |
| 27 | Sri Lanka | $23M | 0.67% |
| 28 | Costa Rica | $0M | 0.00% |
| 29 | Iceland | $0M | 0.00% |
| 30 | Pakistan | — | 5.35% |
Data source: SIPRI Military Expenditure Database. Values are in constant 2024 US dollars.