Defence spending as a share of GDP: record highs and lows
The extremes of defence spending as a share of gdp as published by HM Treasury, across the 23 periods held here (Year ending March 2003 to Year ending March 2025). Each record is a published figure, not a computed one, and the scope is this series — not “ever”.
The latest figure, 2.2% in Year ending March 2025, is the highest since Year ending March 2012, when it was 2.3% — every period between was lower. The rule: a period counts as beaten only when its figure is strictly below the latest, and the claim is only made when it reaches back at least five years.
Highest published
2.4%Year ending March 2010 — the same figure was published for at least one other period
Lowest published
1.8%Year ending March 2017 — the same figure was published for at least one other period
The full series
Published valueProvisional or revisedLatestShaded bands: governments (see labels)Hover or use arrow keys to read a value
A record is the extreme of the periods this site holds for the current series, at each period’s newest published release. Earlier series measured under different methods are not compared against it. Money is in cash terms: a record set years ago stands against the money of its own year.