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Libya - Military Spending 1974

Name: Libya Military Spending 1974
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Military expenditure as % of GDP · World Bank

3.29% −0.69% from 1973 Global rank: 70th

Libya's military spending was 3.29% in 1974, decreased +0.69% from 3.98% in 1973. This was the 70th highest globally.

Global Ranking - 1974▾

Military Spending by Country - 1974
Rank	Country	Value	YoY
1st	Congo, Democratic Republic of	0.00%	50.9%
2nd	Mauritius	0.14%	-26.0%
3rd	Fiji	0.24%	10.7%
4th	Trinidad and Tobago	0.42%	-38.5%
5th	Mexico	0.57%	4.0%
6th	Bangladesh	0.60%	-8.0%
7th	Nepal	0.61%	-7.7%
8th	Gabon	0.68%	-47.9%
9th	Luxembourg	0.69%	-3.1%
10th	Somalia, Fed. Rep.	0.73%	43.8%
11th	Sri Lanka	0.80%	-9.1%
12th	El Salvador	0.80%	-7.3%
13th	Japan	0.86%	5.8%
14th	Guatemala	0.90%	-1.4%
15th	Liberia	0.93%	-3.6%
16th	Malawi	0.97%	-8.8%
17th	Burkina Faso	1.15%	-6.7%
18th	Sierra Leone	1.21%	16.4%
19th	Finland	1.27%	-12.6%
20th	Austria	1.28%	7.8%
21st	Tunisia	1.31%	-6.2%
22nd	Côte d'Ivoire	1.34%	18.5%
23rd	Ireland	1.41%	7.2%
24th	Benin	1.44%	-14.0%
25th	Nicaragua	1.45%	2.3%
26th	Rwanda	1.47%	-21.9%
27th	Togo	1.49%	-12.0%
28th	Colombia	1.58%	-6.8%
29th	Ghana	1.58%	15.9%
30th	Honduras	1.60%	-5.0%
31st	Afghanistan	1.61%	-13.8%
32nd	Argentina	1.66%	-10.2%
33rd	Madagascar	1.67%	9.6%
34th	Cameroon	1.69%	-3.9%
35th	Kenya	1.78%	7.1%
36th	Canada	1.78%	-2.7%
37th	Bolivia, Plurinational State of	1.84%	13.2%
38th	Switzerland	1.88%	0.8%
39th	Brazil	1.94%	-9.9%
40th	Algeria	1.96%	16.0%
41st	Dominican Republic	1.97%	9.7%
42nd	Ecuador	2.02%	2.0%
43rd	Brunei Darussalam	2.03%	-38.1%
44th	New Zealand	2.07%	4.7%
45th	Italy	2.07%	-5.7%
46th	Spain	2.21%	4.6%
47th	Burundi	2.23%	14.3%
48th	Denmark	2.23%	13.1%
49th	Australia	2.26%	-4.9%
50th	Paraguay	2.56%	-25.0%
51st	Sudan	2.57%	-18.8%
52nd	Netherlands	2.65%	-1.8%
53rd	Thailand	2.66%	-7.9%
54th	Indonesia	2.71%	-
55th	Belgium	2.76%	-2.6%
56th	European Union	2.83%	1.0%
57th	Guyana	2.85%	73.2%
58th	Mali	2.87%	7.9%
59th	Zimbabwe	2.98%	13.4%
60th	Norway	3.04%	-3.1%
61st	South Africa	3.09%	16.6%
62nd	France	3.09%	-1.8%
63rd	Morocco	3.15%	2.7%
64th	Türkiye	3.19%	-4.7%
65th	India	3.20%	1.4%
66th	Hungary	3.21%	6.7%
67th	Sweden	3.22%	-1.9%
68th	Germany	3.25%	3.2%
69th	Kuwait	3.28%	29.9%
70th	Libya	3.29%	-17.4%
71st	Philippines	3.56%	26.4%
72nd	Uganda	3.62%	3.7%
73rd	Peru	3.93%	0.2%
74th	Myanmar	4.02%	-21.4%
75th	Malaysia	4.18%	8.0%
76th	Congo, Republic of	4.24%	0.5%
77th	Singapore	4.29%	-8.7%
78th	Portugal	4.34%	24.8%
79th	Nigeria	4.34%	-20.7%
80th	Uruguay	4.53%	20.4%
81st	Korea	4.54%	12.6%
82nd	Greece	4.82%	37.1%
83rd	United Kingdom	5.07%	3.3%
84th	Tanzania	5.36%	28.3%
85th	United States	5.95%	1.0%
86th	Pakistan	6.09%	-1.9%
87th	Chile	7.11%	13.1%
88th	Iran, Islamic Republic of	8.75%	369.3%
89th	Iraq	12.49%	1.9%
90th	Syrian Arab Republic	12.66%	-16.0%
91st	Oman	15.53%	-16.5%
92nd	Egypt, Arab Republic of	17.27%	27.8%
93rd	Jordan	17.51%	-6.2%
94th	Israel	27.66%	-0.7%

FAQ

What was Libya's military spending in 1974?▾

Libya's military spending in 1974 was 3.29%. This ranked 70th globally.

How did Libya's military spending change in 1974?▾

Libya's military spending decreased by 17.4% in 1974 compared to 1973.

Which country had the highest military spending in 1974?▾

Israel had the highest military spending in 1974 at 27.66%.

What is the military spending of Libya in 1974?▾

The military spending of Libya in 1974 was 3.29%. This ranked 70th globally.

How does 1974 compare to 1973 for Libya's military spending?▾

Libya's military spending went from 3.98% in 1973 to 3.29% in 1974, a 17.4% decrease.

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