New Zealand—Military Spending (% of GDP)
Category: MilitarySource: World Bank World Development IndicatorsGlobal Rank: #101 of 153
Latest Value
1.2%
2024
YoY Change
-2.2%
2023 → 2024
Global Rank
#101
of 153 countries
Maximum
1.6%
2000
Minimum
1.0%
2015
CAGR
-1.2%
25 years
Last
1.2%
Previous
1.2%
Highest
1.6%
Lowest
1.0%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 1.2% | -2.2% |
| 2023 | 1.2% | +4.2% |
| 2022 | 1.2% | +0.5% |
| 2021 | 1.2% | -13.1% |
| 2020 | 1.3% | +3.6% |
| 2019 | 1.3% | +17.0% |
| 2018 | 1.1% | +5.1% |
| 2017 | 1.1% | +1.6% |
| 2016 | 1.0% | +4.8% |
| 2015 | 1.0% | -1.0% |
| 2014 | 1.0% | -4.4% |
| 2013 | 1.0% | -6.5% |
| 2012 | 1.1% | -4.0% |
| 2011 | 1.2% | -3.9% |
| 2010 | 1.2% | -0.8% |
| 2009 | 1.2% | +5.8% |
| 2008 | 1.2% | -2.5% |
| 2007 | 1.2% | -4.7% |
| 2006 | 1.2% | +8.9% |
| 2005 | 1.1% | -3.1% |
| 2004 | 1.2% | -11.4% |
| 2003 | 1.3% | -5.2% |
| 2002 | 1.4% | -6.7% |
| 2001 | 1.5% | -6.0% |
| 2000 | 1.6% |
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 →