Military Spending by Country in 1974
In 1974, United States had the world's largest military budget at $567.8 billion, while Israel spent the highest share of its economy on defense at 27.7% of GDP.
Data updated: July 7, 2026
Full ranking
| Rank | Country | USD (millions) | Percent of GDP |
|---|---|---|---|
| 1 | United States | $567,796M | 5.95% |
| 2 | Germany | $61,534M | 3.25% |
| 3 | United Kingdom | $59,501M | 5.07% |
| 4 | France | $39,972M | 3.09% |
| 5 | Italy | $20,498M | 2.07% |
| 6 | Japan | $17,459M | 0.86% |
| 7 | Israel | $15,736M | 27.66% |
| 8 | Netherlands | $12,523M | 2.65% |
| 9 | Spain | $12,505M | 2.21% |
| 10 | Canada | $12,351M | 1.78% |
| 11 | Australia | $9,795M | 2.26% |
| 12 | India | $8,111M | 3.20% |
| 13 | Belgium | $7,933M | 2.76% |
| 14 | Poland | $7,558M | — |
| 15 | Switzerland | $7,005M | 1.88% |
| 16 | Iran | $6,893M | 8.75% |
| 17 | Sweden | $5,848M | 3.22% |
| 18 | Brazil | $5,594M | 1.94% |
| 19 | Greece | $5,473M | 4.82% |
| 20 | Sudan | $5,315M | 2.57% |
| 21 | Peru | $5,265M | 3.93% |
| 22 | Argentina | $5,227M | 1.66% |
| 23 | Egypt | $4,998M | 17.27% |
| 24 | Portugal | $4,204M | 4.34% |
| 25 | Denmark | $3,981M | 2.23% |
| 26 | South Korea | $3,823M | 4.54% |
| 27 | Turkey | $3,293M | 3.19% |
| 28 | Ecuador | $3,257M | 2.02% |
| 29 | Hungary | $3,040M | 3.21% |
| 30 | Norway | $2,851M | 3.04% |
| 31 | Nigeria | $2,849M | 4.34% |
| 32 | Austria | $2,773M | 1.28% |
| 33 | South Africa | $2,545M | 3.09% |
| 34 | Philippines | $2,526M | 3.56% |
| 35 | Kuwait | $2,221M | 2.96% |
| 36 | Iraq | $2,017M | 12.49% |
| 37 | Mexico | $1,982M | 0.57% |
| 38 | Chile | $1,876M | 7.11% |
| 39 | New Zealand | $1,729M | 2.07% |
| 40 | Pakistan | $1,672M | 6.09% |
| 41 | Finland | $1,480M | 1.27% |
| 42 | Uruguay | $1,357M | 4.53% |
| 43 | Thailand | $1,345M | 2.66% |
| 44 | Indonesia | $1,336M | 2.71% |
| 45 | Singapore | $1,174M | 4.29% |
| 46 | Malaysia | $873M | 4.18% |
| 47 | Jordan | $841M | 17.51% |
| 48 | Morocco | $837M | 3.15% |
| 49 | Colombia | $796M | 1.58% |
| 50 | Oman | $731M | 15.53% |
| 51 | Ireland | $668M | 1.41% |
| 52 | Algeria | $517M | 1.96% |
| 53 | Kenya | $504M | 1.78% |
| 54 | Libya | $442M | 3.29% |
| 55 | Uganda | $417M | 3.62% |
| 56 | Democratic Republic of the Congo | $397M | 0.00% |
| 57 | Myanmar | $363M | 4.02% |
| 58 | Ethiopia | $333M | 2.79% |
| 59 | Tanzania | $295M | 5.36% |
| 60 | Guatemala | $260M | 0.90% |
| 61 | Bangladesh | $235M | 0.60% |
| 62 | Ivory Coast | $214M | 1.34% |
| 63 | Bolivia | $209M | 1.84% |
| 64 | Dominican Republic | $209M | 1.97% |
| 65 | El Salvador | $188M | 0.80% |
| 66 | Cameroon | $178M | 1.69% |
| 67 | Ghana | $130M | 1.58% |
| 68 | Honduras | $109M | 1.60% |
| 69 | Somalia | $106M | 0.73% |
| 70 | Tunisia | $106M | 1.31% |
| 71 | Bahrain | $105M | — |
| 72 | Paraguay | $105M | 2.56% |
| 73 | Luxembourg | $90M | 0.76% |
| 74 | Trinidad and Tobago | $87M | 0.42% |
| 75 | Republic of the Congo | $82M | 4.24% |
| 76 | Madagascar | $75M | 1.67% |
| 77 | Sri Lanka | $72M | 0.80% |
| 78 | Guyana | $40M | 2.85% |
| 79 | Burundi | $38M | 2.23% |
| 80 | Gabon | $37M | 0.68% |
| 81 | Mali | $37M | 2.87% |
| 82 | Rwanda | $36M | 1.47% |
| 83 | Togo | $32M | 1.49% |
| 84 | Nepal | $27M | 0.61% |
| 85 | Sierra Leone | $27M | 1.21% |
| 86 | Burkina Faso | $20M | 1.15% |
| 87 | Benin | $19M | 1.44% |
| 88 | Malawi | $14M | 0.97% |
| 89 | Afghanistan | $6M | 1.61% |
| 90 | Fiji | $5M | 0.24% |
| 91 | Mauritius | $3M | 0.14% |
| 92 | Costa Rica | $0M | 0.00% |
| 93 | Iceland | $0M | 0.00% |
| 94 | Nicaragua | $0M | 1.45% |
| 95 | Syria | — | 12.66% |
| 96 | Zimbabwe | — | 2.98% |
| 97 | Venezuela | — | 2.31% |
| 98 | Liberia | — | 0.93% |
Data source: SIPRI Military Expenditure Database. Values are in constant 2024 US dollars.