Original source: https://global-relocate.com/rankings/military-expenditure-by-country
Local snapshot (archived 2026-07-03): full-page PDF committed at sources/military/_archive/global-relocate-milex-2025/global-relocate-milex-2025.pdf.
Military expenditure by country — Global Relocate (SIPRI-sourced)¶
Table served as "2025" figures; small nations in USD millions, large nations in USD billions (units switch in the table — read carefully). Cross-checked against SIPRI 2024 where possible.
Shock-tier candidates (current USD, labelled 2025 by source)¶
| Country | milex (USD) |
|---|---|
| Cape Verde | $12M |
| Gambia | $13M |
| Mauritius | $21M |
| Sierra Leone | $22M |
| Belize | $26M |
| Timor-Leste | $52M |
| Fiji | $72M |
| Moldova | $79M |
| Montenegro | $103M |
| Malta | $104M |
| Jamaica | $217M |
| Trinidad & Tobago | $228M |
| North Macedonia | $236M |
| Cyprus | $506M (above EPS — borderline) |
| Luxembourg | $625M (above EPS) |
Fairness-tier / large peers (units are BILLIONS in source table)¶
| Country | milex |
|---|---|
| New Zealand | $3.0B (source shows "3" = $3,001M, confirmed via tradingeconomics/SIPRI 2024) |
| Ireland | $1.3B ($1,330.5M, 2024, tradingeconomics/SIPRI) |
| Croatia | ~$1.3B |
| Iceland | $0 (no army) |
CAUTION: the source truncates NZ/Ireland/Croatia to single-digit billions in the same column as the millions figures. Always restate NZ/Ireland/Croatia in full ($3,001M / $1,330M / ~$1,300M) to avoid a units trap.