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Arms Sales

Saudi Arabia world’s 3rd highest military spender but 41st in World Population

Middle East Monitor 05/03/2018

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Saudi Arabia has ranked third across the world with military spending which reached $69.4 billion in 2017. It replaces Russia, the Stockholm International Peace Research Institute (SIPRI) said in a new report on Wednesday.

According to the report, military spending across the world has increased by 1.1 percent in 2017 compared to the previous year to reach $1739 trillion.

The report explained that Middle Eastern countries increased their military spending by 6.2 percent in 2017 where they spent 5.2 percent of their GDP on armaments; the highest in the world.

“Seven of the ten countries with highest military burden compared to their GDP are in the Middle East namely Oman (12 percent of GDP), Saudi Arabia (10 percent), Kuwait (5.8 percent), Jordan (4.8 percent) (4.7 percent), Lebanon (4.5 percent) and finally Bahrain (4.1 percent)” the report said.

Report: Saudi transformation threatened by fiscal strain

The report noted to a significant development in military spending in Algeria, which fell for the first time in more than a decade by 5.2 percent from 2016.

The United States continues to top the world’s list of military expenditure with $610 billion, followed by China, which increased its military expenditure by 5.6 percent over 2016, or $228 billion.

Middle East Monitor

This work by Middle East Monitor is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

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Bonus video added by Informed Comment:

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Filed Under: Arms Sales, Saudi Arabia

About the Author

Middle East Monitor is a not-for-profit press monitoring organization, founded on 1 July 2009, and based in London. Journalists who have written for it include Amelia Smith, Diana Alghoul, Ben White, Jehan Alfarra and Jessica Purkiss. The editorial line straddles the British left and the British Muslim religious Right.

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