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According to the CIA World Factbook, military spending worldwide amounts to a staggering 741 billion dollars annually. This figure represents approximately 1.5% of the world's GDP of $49,000 billion ($49 trillion). The United States has a $277 billion defense budget which accounts for 37% of the world's total.
Comparing military expenditures to a nation's GDP, however, presents a different picture. North Korea, for example, spends an amazing 33.9% of its GDP on their military. Some of the top spenders are listed below. The United States comes in 46th on this list at 3.2%.
It is a very worrying situation in the modern scientific world if a country can spend one third of its annual revenue on military activities. The UN should call for all countries to rethink and reallocate such funds for the people's development.
How much of their total GDP do they spend of military in Benin?
I'm not sure how old this article is, but it is a bit dated. Global military spending topped $1.5 trillion for 2009. Military spending in the United States accounts for somewhere near 45% of global military spending, and the current military budget accounts for a little over 4% of GDP. U.S. expenditures as a percentage of GDP ranks 25th out of all countries surveyed. The CIA keeps a public record of most basic country data online. This information is all public domain. If you want to read a full unbiased report on everything related to international peace and security, you should check out the Stockholm International Peace Research Yearbook (SIPRI) yearbook. The SIPRI report is a little pricey, but it can be found in most major university library collections.
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