Top 10 Countries by Military Spending (1870-2020)

Top 10 Countries by Military Spending (1870-2020)

Defense spending by the United States accounted for nearly 40 percent of military spending by countries around the world in 2023, according to recently released figures from the Stockholm International Peace Research Institute (SIPRI). U.S. defense spending increased by $55 billion from 2022 to 2023, in part due to additional military aid sent to support Ukraine in its ongoing conflict. The United States spends more on defense than the next nine countries combined.

Military Spending by Country 2024

A nation’s military is a crucial asset. The military enforces domestic and foreign policies and protects its citizens. National security is regarded as a government duty, including the security of citizens, the economy, and the country’s institutions. National security is crucial and requires large budgets to build and maintain. These expenses are typically referred to as military spending and/or defense spending. In 2020, the total world military expenditure was about $1.981 trillion. Military size varies significantly by country, typically correlating with each country’s size and military needs.

https://worldpopulationreview.com/country-rankings/military-spending-by-country

World Military Spending

World Military Spending

Global military spending stands at over $1.7 trillion in annual expenditure at current prices for 2012. It fell by around half a percent compared to 2011 — the first fall since 1998.

https://www.globalissues.org/article/75/world-military-spending