'Economist': Israel biggest defense spender relative to population
Israel was the top defense spender relative to its population in 2008, with the government shelling out more than $2,300 per person, over $300 more than the US, which boasts the second largest ratio, the Economist reported on Monday.
According to the report, Israel's total defense expenditure was $16.2 billion for the year.
The US is by far the largest defense spender, with expenses running to some $607 billion, 41.5% of the $1.46 trillion spent on defense needs worldwide in 2008.
China emerged as a growing military spender, increasing its expenditure by 10% in 2008 to $85 billion to overtake other countries and become the second-largest global spender behind the US.
Saudi Arabia and the rich oil states of the Gulf also increased their outlay, with the Saudis spending $38.2 billion, which is sixth in terms of population and ninth overall.ByREUTERS06/08/2025 07:57 AMByREUTERS06/08/2025 05:36 AMByMAARIV06/07/2025 02:33 PMByWALLA!06/07/2025 11:18 AMByREUTERS06/07/2025 03:25 AM
