Saudi Arabia soars in world defence expenditure tables

globeSummary: Saudi Arabia has increased its military spend by a massive 17% in 2014 according to recent research by Stockholm International Peace Research Institute (SIPRI).

Saudi Arabia spent $80.8bn on defence and military in 2014, amounting to a 4.5% share of the world’s entire military expenditure.

Huge increase

The 17% increase is also the highest of any country in the top 15 military spenders in 2014 and now puts Saudi Arabia fourth in the world’s rankings of highest military expenditure, behind the USA ($610bn), China ($216bn) and Russia ($84.5bn).

The huge increase in Saudi Arabia’s spending is a reflection of both the continuing conflict and instability in the surrounding region, and of the revenues available to the Saudi government from the high price of oil enjoyed until late 2014 when the price plummeted across the world.

As a result of this oil price collapse, it is perhaps likely that the government may be unable to continue the current high expenditure levels throughout 2015.

World military expenditure

The research by SIPRI provides an in depth look at the current state of the world’s military expenditure in a time of uncertain budgets and austerity economics.

While budgets for defence in the United States and in Western Europe continue to fall moderately, budgets in Central America, Africa, Asia, Eastern Europe and the Middle East have seen large increases, with these ‘rest of the world’ countries in total increasing expenditure by 3.1% in 2014.

With budgets falling in the West but largely rising in the East, it is important for your business to explore which markets are growing and where the opportunities lie for your firm’s future growth success.

Global defence contract opportunities

With a new era of defence investment underway, it is the perfect time to gain a glimpse of the opportunities available in the industry worldwide.

Defence Contracts International offers an invaluable overview of the defence industry in the UK, Europe or Globally with an exclusive Free Trial.

Test the service for yourself and gain access to more defence opportunities than anywhere else for one month absolutely free.

Find out more about the DCI Free Trial here


Who are we?

From publishing the first national directory of public sector contracts, to being the first to market with our online Tracker solution, we have been the true pioneers of technology and innovation in the public sector marketplace. Throughout our 39 years, we have continued to evolve and chart new territory – placing our customers at the heart of everything we do. Take your business to the next level with Tracker now.

If you request a demo today!

Download your Free UK Defence Industry Report

Start Your Free Trial Today

Download your Free UK Defence Industry Report

Download your Free UK Defence Industry Report

When you sign up for a 3 day free trial or demo.

Limited time only

    BiP Solutions owns DCI and we look after your details carefully. We offer a range of products, services and events (some of which are free) that help buyers tender more efficiently and suppliers find, bid for and win public and private sector contracts. Only tick this box if you wish to receive information about these. We will never share your details with third parties and you will have the opportunity of opting out of communications every time we contact you. For further details, please see our Privacy Policy