Algeria’s military spending was set at $ 9.6 billion in 2018, down 6.1 percent from a year earlier, according to data from the Stockholm International Peace Research Institute (SIPRI) published on Monday (April 29th).
SIPRI points out that as Algeria’s military spending has maintained its value since 2016, inflation confirms that military spending in real terms has slumped by 6.1 percent between 2017 and 2018.
Military spending also indicates a jump of 85 percent between 2009 and 2018.
According to the Institute’s figures, with a total of $ 9.6 billion in 2018, Algeria has by far the largest military expenditure in Africa, and continues to occupy the top position in the African continent in terms of military spending, while losing three positions in the world rankings.
Algeria’s military spending is thus classified in the 25th spot worldwide, less than Colombia ($ 10.6 billion), Poland ($ 11.6 billion), Israel ($ 15.9 billion), Turkey ($ 19 billion), and Italy ($ 27.8 billion) .
In terms of GDP, Saudi Arabia stands at (8.8%), Oman (8%), Qatar (5.1%), Lebanon (5%), Armenia (4.8%), Jordan (4.7%), and Russia, at 3.9 percent.
As for the highest ranking in military spending globally, France came in fifth place with 63.8 billion dollars, ahead of Russia 61.4 billion dollars, while the United States ranked first in the world, where military spending in 2018 was worth 649 billion dollars, accounting for 3.2% of the country’s Gross Domestic Product (GDP).
In total, world military spending reached $ 1822 billion in 2018, up 2.6 percent from 2017.
The top five countries including (China, Saudi Arabia, the United States, and France) account for about 60 percent of total global figures, in terms of military spending.