Portugal
Military Spending Profile
#48
Global Rank
$4.5B
2024 Spending
0.2%
of World Spending
1.5%
of GDP
Military Spending Over Time
Constant 2023 USD (billions)
Military Spending as % of GDP
10-Year Trend
+49.2%
Military spending has increased over the past decade
Peak Spending
$4.5B
in 2024 (constant 2023 USD)