In 2024, the ratio of military expenditure to gross domestic product (GDP) in Russia increased by roughly 1.7 percentage points from the previous year. In total, the ratio amounted to 7.05 percent.

Military expenditure (% of GDP) in Russia was reported at 5.8642 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Military expenditure (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Military Expenditure in Russia increased to 148967.30 USD Million in 2024 from 109203.60 USD Million in 2023. Russia Military Expenditure - values, historical data, forecasts and news - updated on July of 2025.

As a share of gross domestic product (GDP), Ukraine spent more on its military than any other country in 2023, reaching 37 percent of the country's GDP. The high figure is due to the country being invaded by Russia in February 2022. Algeria and Saudi Arabia followed behind.Leading military spending countriesIn gross terms, the countries with the highest military spending are the United States, China, and Russia. However, these are countries with large populations and GDPs, and smaller countries usually cannot compete alone, regardless of how much they invest. For this reason, they form alliances such as the North Atlantic Treaty Organization (NATO). NATO countries aim to pool two percent of their GDP towards their own militaries and to aid each other in case of war. Regional differencesThe past decade has seen an increase in global military spending. This has not been distributed evenly. That period saw large positive changes in military spending from several Asian countries, including a large increase from China. While this does not reflect the number of active conflicts, it reflects growing tensions in global affairs.

The United States led the ranking of the countries with the highest military spending in 2023, with 916 billion U.S. dollars dedicated to the military. That constituted over 40 percent of the total military spending worldwide that year, which amounted to 2.4 trillion U.S. dollars. This amounted to 3.5 percent of the U.S. gross domestic product (GDP), placing the U.S. lower in the ranking of military expenditure as a percentage of GDP than for instance Saudi Arabia, Israel, Algeria, and Russia. China was the second largest military spender with an estimated 296 billion U.S. dollars spent, with Russia following in third. Defense budgetAccording to the U.S. Congressional Budget Office, the outlays for defense will rise to 1.1 trillion U.S. dollars by 2033. The largest parts of the budget are dedicated to the Departments of the Navy and the Air Force. The budget for the U.S. Air Force for 2024 was nearly 260 billion U.S. dollars.Global military spendingThe value of military spending globally has grown steadily in the past years and reached 2.44 trillion U.S. dollars in 2023. Reasons for this are the outbreak of the Russia-Ukraine war in 2022, the war in Gaza, as well as increasing tensions in the South China Sea. North America is by far the leading region worldwide in terms of expenditure on the military.

Historical chart and dataset showing Russia military spending/defense budget by year from 1987 to 2023.

In 2024, the ratio of military expenditure to gross domestic product (GDP) in Ukraine decreased by roughly 2.15 percentage points, having reached the highest figure over the past two decades. The figure was estimated at 34.48 percent in the latest period observed. These figures refer to the total amount of money spent on a country's military, as a share of its gross domestic product (GDP). These figures apply to current expenditure on a country's armed forces, including peacekeeping forces and defense ministries, among others.Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Moldova and Belarus.

Historical chart and dataset showing Ukraine military spending/defense budget by year from 1992 to 2023.

Ukraine's military expenditure decreased by 0.3 percent between 2023 and 2024, having reached 64.7 billion current U.S. dollars. In 2022, when the Russian invasion of Ukraine began, Ukraine increased its defense budget significantly to over 41 billion current U.S. dollars and became one of the countries with the highest military expenditure worldwide. Furthermore, Ukraine was the country with the most significant increase in defense spending over the past decade. Key figures on the Ukrainian Army The number of active military personnel in Ukraine reached 900,000 as of May 2025. Active soldiers exclude reservists and paramilitary personnel. Moreover, Ukraine has one of the most powerful militaries in Europe as per PowerIndex score, which considers military might, financials, as well as logistics and geography. How much of its GDP does Ukraine on defense?
Ukraine’s military spending accounted for over one-third of its gross domestic product (GDP) in 2024. This share was considerably larger than in 2021, when it stood at 3.4 percent. The country’s ratio of defense expenditure to GDP has been saw a decline in 2024.

This horizontal bar chart displays military expenditure (% of GDP) by country full name using the aggregation average, weighted by gdp in Russia. The data is filtered where the date is 2021. The data is about countries per year.

This bar chart displays military expenditure (% of GDP) by ISO 2 country code using the aggregation average, weighted by gdp in Russia. The data is about countries per year.

This scatter chart displays military expenditure (% of GDP) against expense (% of GDP) in Russia. The data is filtered where the date is 2021. The data is about countries per year.

Russia RU: GDP: 2015 Price: USD: Final Consumption Expenditure: General Government data was reported at 301.459 USD bn in 2023. This records an increase from the previous number of 281.738 USD bn for 2022. Russia RU: GDP: 2015 Price: USD: Final Consumption Expenditure: General Government data is updated yearly, averaging 245.556 USD bn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 301.605 USD bn in 1990 and a record low of 203.788 USD bn in 1997. Russia RU: GDP: 2015 Price: USD: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Real. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant 2015 prices, expressed in U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

This scatter chart displays military expenditure (% of GDP) against renewable energy consumption (% of total final energy consumption) in Russia. The data is about countries per year.

The national defense spending in the federal budget of Russia was planned at approximately 13.5 trillion Russian rubles in 2025, which would be the highest over the observed period. To compare, in 2021, the expenditure stood at below 3.6 trillion Russian rubles.

According to Cognitive Market Research, the global Body Armor Parts market size will be USD 2514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1005.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 754.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 578.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 125.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The Level II category is the fastest growing segment of the Body Armor Parts industry

Market Dynamics of Body Armor Parts Market

Key Drivers for Body Armor Parts Market

Rising Defense Budgets in Emerging Economies to Boost Market Growth

Countries in Asia-Pacific, Latin America, the Middle East, and Africa are significantly investing in modernizing their military and law enforcement equipment, driving substantial demand for body armor components. Global military expenditure reached a record $2,240 billion in 2022, marking a 3.7% real-term increase from the previous year. Over the decade from 2013 to 2022, worldwide military spending grew by 19% and has consistently risen annually since 2015. Russia’s defense budget surged by 24% in 2023 to an estimated $109 billion, reflecting a 57% increase since 2014 when it annexed Crimea. In 2023, military spending accounted for 16% of Russia’s total government expenditure, with a military burden (spending as a percentage of GDP) of 5.9%. Ukraine ranked as the eighth-largest military spender in 2023, with a remarkable 51% rise in defense spending to $64.8 billion. This constituted a military burden of 37% and accounted for 58% of the nation’s total government expenditure. Heightened regional conflicts and growing security concerns in these regions are accelerating the adoption of advanced body armor solutions.

Growth in Civilian and Private Security Markets to Drive Market Growth

Rising crime rates and growing concerns about personal safety have driven increased demand for body armor among civilians, particularly in high-risk areas. In 2023, the FBI reported a violent crime rate of 363.8 incidents per 100,000 people. In Canada, the Crime Severity Index (CSI), which measures the volume and severity of police-reported crime, rose by 2% in 2023, marking the third consecutive year of increases and continuing an upward trend since 2015. Additionally, non-violent crimes such as fraud (+12%), shoplifting involving amounts under $5,000 (+18%), and motor vehicle theft (+5%) also saw notable increases in 2023. The expanding presence of private security firms worldwide, particularly in developing nations, offers a lucrative market for body armor components. Furthermore, growing adoption among high-net-worth individuals and executives seeking personal protection presents niche growth opportunities.

Restraint Factor for the Body Armor Parts Market

High Costs of Advanced Body Armor Will Limit Market Growth

Advanced materials such as Kevlar, Dyneema, and ceramic composites are costly, making high-performance body armor parts expensive to produce and purchase. Many smaller law enforcement agencies, security firms, and individuals may struggle to afford high-quality body armor, limiting market penetration. Defense budgets in some countries are constrained, prioritizing other military expenditures over advanced body armor acquisitions. While advanced materials aim to reduce weight, many body armor components, especially those designed for high-threat scenarios, remain bulky and uncomfortable. The lack of ergonomic designs in some armor parts may impede mobility, affecting the user’s performance and adoption in certain sectors.

Impact of Covid-19 on the Body Armor Parts Market

Lockdowns, trav...

European military fighting vehicle manufacturers suffer from intense competition from US manufacturers, representing a considerable proportion of imports. Nonetheless, Germany and France generate a substantial proportion of armoured vehicles under the industry's most significant manufacturer, KMW+NEXTER Defense Systems NV. Manufacturers rely on defence spending across Europe and non-NATO members to boost new order volumes. According to the European Commission, general government expenditure in the EU on defence amounted to 1.3 % of GDP in 2021. However, this figure is rising in response to the Russia-Ukraine conflict, boosting revenue prospects. Over the five years through 2024, industry revenue is forecast to drop at a compound annual rate of 4.7% to €5.4 billion. The COVID-19 outbreak caused revenue to plunge as factories temporarily closed amid lockdown measures, resulting in sub-optimal production levels throughout 2020. Industry revenue failed to fully rebound over 2021 and 2022, mainly because of supply-chain disruption, inflating input prices and restricting output volumes. The Russia-Ukraine conflict also invited a flood of armoured vehicle imports from the US, limiting European manufacturers' potential to capitalise on greater demand. In 2024, industry revenue is forecast to drop by 3.2%, thanks to intense competition from US manufacturers.
Over the five years through 2029, industry revenue is expected to expand at a compound annual rate of 3% to reach €6.2 billion. Increased geopolitical tension, namely the Russia-Ukraine and Israeli conflicts, will boost government spending on defence and armoured military vehicles. In February 2023, the UK government outlined plans to spend £242 billion on defence equipment procurement over the next 10 years, including £17.4 billion on land equipment. A progressive and strategic expansion in the European defence budget and the launch of infantry support projects will boost demand for military vehicles and fuel innovation.

The Second World War was fought on such a large scale that it became total war in many countries - this is where the war effort is prioritized above all else, and the entire population and economy are mobilized to support all military endeavors. Germany and Japan were committing over 70 percent of their national income to the war effort in its final years.

There were also notable fluctuations that coincided with major events for corresponding powers. These included the UK's mobilization of its defenses in 1940, after Germany took most of Western Europe; the spike in Soviet military spending after Operation Barbarossa in June, 1941; and the U.S. entry into the war following the Pearl Harbor attacks in December, 1941.

As of 2025,the combined forces of NATO had approximately 3.44 million active military personnel, compared with 1.32 million active military personnel in the Russian military. The collective military capabilities of the 32 countries that make up NATO outnumber Russia in terms of aircraft, at 22,377 to 4,957, and in naval power, with 1,143 military ships, to 419. In terms of ground combat vehicles, NATO had an estimated 11,495 main battle tanks, to Russia's 5,750. The combined nuclear arsenal of the United States, United Kingdom, and France amounted to 5,559 nuclear warheads, compared with Russia's 5,580. NATO military spending In 2024, the combined military expenditure of NATO states amounted to approximately 1.47 trillion U.S. dollars, with the United States responsible for the majority of this spending, as the U.S. military budget amounted to 967.7 billion dollars that year. The current U.S. President, Donald Trump has frequently taken aim at other NATO allies for not spending as much on defense as America. NATO member states are expected to spend at least two percent of their GDP on defense, although the U.S. has recently pushed for an even higher target. As of 2024, the U.S. spent around 3.38 percent of its GDP on defense, the third-highest in the alliance, with Estonia just ahead on 3.43 percent, and Poland spending the highest share at 4.12 percent. US aid to Ukraine The pause in aid to Ukraine from the United States at the start of March 2025 marks a significant policy change from Ukraine's most powerful ally. Throughout the War in Ukraine, military aid from America has been crucial to the Ukrainian cause. In Trump's first term in office, America sent a high number of anti-tank Javelins, with this aid scaling up to more advanced equipment after Russia's full-scale invasion in 2022. The donation of around 40 HIMARs rocket-artillery system, for example, has proven to be one of Ukraine's most effective offensive weapons against Russia. Defensive systems such as advanced Patriot air defense units have also helped protect Ukraine from aerial assaults. Although European countries have also provided significant aid, it is unclear if they will be able to fill the hole left by America should the pause in aid goes on indefinitely.

According to Cognitive Market Research, the global Body Armor Accessories market size will be USD 2914.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1165.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 874.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 670.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 145.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 58.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The Helmets category is the fastest growing segment of the Body Armor Accessories industry

Market Dynamics of Body Armor Accessories Market

Key Drivers for Body Armor Accessories Market

Rising Defense Budgets in Emerging Economies to Boost Market Growth

Countries in Asia-Pacific, Latin America, the Middle East, and Africa are significantly investing in modernizing their military and law enforcement equipment, driving substantial demand for body armor components. Global military expenditure reached a record $2,240 billion in 2022, marking a 3.7% real-term increase from the previous year. Over the decade from 2013 to 2022, worldwide military spending grew by 19% and has consistently risen annually since 2015. Russia’s defense budget surged by 24% in 2023 to an estimated $109 billion, reflecting a 57% increase since 2014 when it annexed Crimea. In 2023, military spending accounted for 16% of Russia’s total government expenditure, with a military burden (spending as a percentage of GDP) of 5.9%. Ukraine ranked as the eighth-largest military spender in 2023, with a remarkable 51% rise in defense spending to $64.8 billion. This constituted a military burden of 37% and accounted for 58% of the nation’s total government expenditure. Heightened regional conflicts and growing security concerns in these regions are accelerating the adoption of advanced body armor solutions.

Rising Numbers of Armed Forces Personnel to Drive Market Growth

The rising global number of armed personnel, especially in major economies, is driving the growing demand for body armor. As of September 2023, the US military had approximately 2.86 million personnel worldwide. According to the CIA, the US has the third-largest active military in the world, behind only China and India. In the US alone, there were around 1.3 million active-duty military members in 2023, with 168,571 permanently stationed overseas. The US military’s largest presence is in Japan and Germany, where 32% and 21% of active-duty troops, respectively, are permanently assigned. In recent years, there has been a notable increase in procurement as governments respond to rising conflicts and expanding military deployments in volatile regions. As tensions grow and deployments increase, the demand for protective gear is escalating. This expanding number of armed forces personnel, along with intensified government efforts to ensure their safety, is expected to drive significant growth in the body armor market in the coming years, highlighting the need for advanced protective equipment to address evolving global security challenges.

Restraint Factor for the Body Armor Accessories Market

Strict Government Guidelines Will Limit Market Growth

The body armor plate market is highly regulated and subject to various laws and standards. The National Institute of Justice (NIJ), the United States Department of Defense (DoD), and Underwriters Laboratories (UL India) are the primary regulatory bodies responsible for testing the quality of body armor. Vendors manufacturing and selling armor plates must meet strict requirements regarding the level of protection their products provide against different threats. These standards help determine the degree of protection an armor plate can offer. However, o...