Military Spending by Country in 2023: 5 Largest Defense Budgets

In this piece, we will take a look at military spending by country in 2023 and the five  largest defense budgets in the world. For more countries, head on over to Military Spending by Country in 2023: 20 Largest Defense Budgets.

5. Kingdom of Saudi Arabia

Latest Defense Budget Estimate: $69 billion

The Kingdom of Saudi Arabia is a Middle Eastern country that seeks to become a regional power through heavy defense spending. While Saudi Arabia is one of the biggest defense spenders in the world, it does not have a developed defense industrial base. Instead, the country relies on others to procure the equipment. The backbone of the Saudi Air Force are American F-15 strike and air superiority aircraft, and they form the majority of the combat aircraft in its fleet. Saudi Arabia is not a nuclear power and doesn’t have submarines.