Libya—Military Spending (% of GDP)
Category: MilitarySource: World Bank World Development IndicatorsGlobal Rank: #10 of 153
Latest Value
5.3%
2023
YoY Change
+21.6%
2022 → 2023
Global Rank
#10
of 153 countries
Maximum
15.5%
2014
Minimum
0.9%
2007
CAGR
+2.3%
14 years
Last
5.3%
Previous
4.3%
Highest
15.5%
Lowest
0.9%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 5.3% | +21.6% |
| 2022 | 4.3% | -71.9% |
| 2014 | 15.5% | +102.6% |
| 2013 | 7.6% | +104.0% |
| 2012 | 3.7% | +151.4% |
| 2008 | 1.5% | +57.4% |
| 2007 | 0.9% | -15.5% |
| 2006 | 1.1% | -26.7% |
| 2005 | 1.5% | -26.2% |
| 2004 | 2.1% | -0.0% |
| 2003 | 2.1% | +0.1% |
| 2002 | 2.1% | -14.3% |
| 2001 | 2.4% | -23.3% |
| 2000 | 3.1% |
Top Countries — Military Spending (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Ukraine | 34.5% | 2024 |
| 2 | Israel | 8.8% | 2024 |
| 3 | Algeria | 8.0% | 2024 |
| 4 | Saudi Arabia | 7.3% | 2024 |
| 5 | Russian Federation | 7.1% | 2024 |
| 6 | Myanmar | 6.8% | 2024 |
| 7 | Qatar | 6.5% | 2022 |
| 8 | Oman | 5.6% | 2024 |
| 9 | Armenia | 5.5% | 2024 |
| 10 | Libya | 5.3% | 2023 |
About This Indicator
Definition
Military expenditure by country as percentage of gross domestic product
Methodology
Data compiled by SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), uri: https://www.sipri.org/databases.
Source: World Bank - World Development IndicatorsView original source →