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Equatorial Guinea

Military Spending (% of GDP)

1.31
percent of GDP
Source: IMF
103
Nepal1.36
105
Peru1.34
109
Macedonia1.28
109
Liberia1.28
111
Belarus1.25
112
Egypt1.22
112
Sweden1.22

Definition of Military Spending (% of GDP)

Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.

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