According to recent data, military expenditure as a percentage of GDP varies greatly between countries. For example, in 2022 Canada’s military expenditure is forecasted to be 1.33% of its GDP while Saudi Arabia’s military spending on GDP was over 8% in 2021 but is expected to be about half that amount in 2022. In comparison, the US spent 3.7% of its GDP on military expenses in 2020 and the global average in 2019 was approximately 2.2% worldwide.
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