Armenia became the third most militarized country in the world in 2014, the Armenpress news agency reported Wednesday, citing global militarization index 2014.

According to index issued by Bonn International Center for Conversion on Tuesday, Armenia is only behind Israel and Singapore in the ranking.

The index reveals the weight and importance of the military apparatus of a state with respect to society as a whole. It considers, in particular, the ratio of military spending to gross domestic product and to health expenditure, as well as the ratio of the number of heavy weapons to the total population.

In 2013, Armenia ranked fourth in the index.

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