G20 Military Spending Ratio: Indonesia's is Relatively Low

Economics & Macro

Lite

Adi Ahdiat 28/12/2023 14:00 WIB

URL has been copied

Memuat...

According to data from the Stockholm International Peace Research Institute (SIPRI), Indonesia's military expenditure in 2022 was only 0.7% of its GDP, relatively low among G20 countries.

Military Spending to GDP Ratio in G20 Countries (2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

G20 Military Spending Ratio: Indonesia's is Relatively Low

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Military Spending to GDP Ratio in G20 Countries (2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Indonesia is a member of the G20, an organization comprising countries with large global economies.

However, among G20 members, Indonesia's military expenditure as a percentage of its gross domestic product (GDP) is relatively low.

According to the World Bank's definition, "military expenditure as a percentage of GDP" is a rough indicator of how much of a country's resources are used for military activities.

Based on data from the Stockholm International Peace Research Institute (SIPRI), in 2022 Indonesia's military expenditure was only 0.7% of its GDP.

This figure is significantly lower than that of Saudi Arabia, which had the highest military expenditure ratio in the G20, at around 7%.

Below Saudi Arabia were Russia and the United States, with military expenditure ratios in the 3-4% range. This was followed by South Korea, India, and the United Kingdom, in the 2% range.

France, Australia, Italy, China, Germany, Canada, Japan, and Brazil had military expenditure ratios in the 1% range.

Meanwhile, the only G20 members with military expenditure ratios of less than 1% were South Africa, Indonesia, Mexico, and Argentina. Data for Turkey was unavailable in the SIPRI database.

Nevertheless, according to the World Bank, the size of this expenditure ratio does not necessarily reflect a country's military capabilities or defense strength.

The World Bank considers that defense strength is also influenced by various other factors, such as the extent of a country's borders that need to be protected, the quality of relations with neighboring countries, and the role of the military in national political institutions.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."