100+ datasets found
  1. Countries with the highest military spending 2023

    • statista.com
    • ai-chatbox.pro
    Updated May 30, 2025
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    Statista (2025). Countries with the highest military spending 2023 [Dataset]. https://www.statista.com/statistics/262742/countries-with-the-highest-military-spending/
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    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    Worldwide
    Description

    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.

  2. M

    U.S. Military Spending/Defense Budget 1960-2025

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). U.S. Military Spending/Defense Budget 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/military-spending-defense-budget
    Explore at:
    csvAvailable download formats
    Dataset updated
    May 31, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1960 - Jun 2, 2025
    Area covered
    United States
    Description
    U.S. military spending/defense budget for 2022 was 876.94 billion US dollars, a 8.77% increase from 2021.
    <ul style='margin-top:20px;'>
    
    <li>U.S. military spending/defense budget for 2021 was <strong>806.23 billion US dollars</strong>, a <strong>3.58% increase</strong> from 2020.</li>
    <li>U.S. military spending/defense budget for 2020 was <strong>778.40 billion US dollars</strong>, a <strong>6% increase</strong> from 2019.</li>
    <li>U.S. military spending/defense budget for 2019 was <strong>734.34 billion US dollars</strong>, a <strong>7.6% increase</strong> from 2018.</li>
    </ul>Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
    
  3. U.S. military spending FY 2000-2023

    • statista.com
    Updated Aug 27, 2024
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    Statista (2024). U.S. military spending FY 2000-2023 [Dataset]. https://www.statista.com/statistics/272473/us-military-spending-from-2000-to-2012/
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    Dataset updated
    Aug 27, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2023, the United States spent around 916.02 billion U.S. dollars on its military. U.S. military spending has been increasing in current dollar terms since 2016. Spending increased dramatically in 2022 after the Russian invasion of Ukraine. After the first year of the war, the U.S. had contributed more than 40 billion euros worth of military aid to Ukraine. What military spending entails Military spending in the United States is the part of the national outlays of the Department of Defense. While the department has over two trillion dollars in budgetary resources, its outlays - money actually paid out - are significantly lower. This budget is designated for the four branches of the United States military, and is used for everything from salaries, trainings, development of new military technologies, and new aircraft and weaponry. The high cost of U.S. spending The United States is well known for spending more on its military than any other country. In 2023, it was estimated that per capita defense spending amounted to 2,220 U.S. dollars. While this figure is extremely high, many Americans may find it worthwhile, as a majority believe the United States to be the number one military power in the world.

  4. United States US: Military Expenditure: % of GDP

    • ceicdata.com
    Updated Nov 27, 2021
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    CEICdata.com (2021). United States US: Military Expenditure: % of GDP [Dataset]. https://www.ceicdata.com/en/united-states/defense-and-official-development-assistance/us-military-expenditure--of-gdp
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    Dataset updated
    Nov 27, 2021
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 1, 2005 - Sep 1, 2016
    Area covered
    United States
    Variables measured
    Operating Statement
    Description

    United States US: Military Expenditure: % of GDP data was reported at 3.149 % in 2017. This records a decrease from the previous number of 3.222 % for 2016. United States US: Military Expenditure: % of GDP data is updated yearly, averaging 4.864 % from Sep 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 9.063 % in 1967 and a record low of 2.908 % in 1999. United States US: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

  5. T

    United States - Military Expenditure (% Of GDP)

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 28, 2017
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    TRADING ECONOMICS (2017). United States - Military Expenditure (% Of GDP) [Dataset]. https://tradingeconomics.com/united-states/military-expenditure-percent-of-gdp-wb-data.html
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    csv, excel, json, xmlAvailable download formats
    Dataset updated
    May 28, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    Military expenditure (% of GDP) in United States was reported at 3.3618 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Military expenditure (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

  6. U

    United States US: Military Expenditure: % of Central Government Expenditure

    • ceicdata.com
    Updated Oct 15, 2003
    + more versions
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    United States US: Military Expenditure: % of Central Government Expenditure [Dataset]. https://www.ceicdata.com/en/united-states/defense-and-official-development-assistance/us-military-expenditure--of-central-government-expenditure
    Explore at:
    Dataset updated
    Oct 15, 2003
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 1, 2005 - Sep 1, 2016
    Area covered
    United States
    Variables measured
    Operating Statement
    Description

    United States US: Military Expenditure: % of Central Government Expenditure data was reported at 8.807 % in 2017. This records a decrease from the previous number of 9.042 % for 2016. United States US: Military Expenditure: % of Central Government Expenditure data is updated yearly, averaging 11.141 % from Sep 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 11.769 % in 2011 and a record low of 8.807 % in 2017. United States US: Military Expenditure: % of Central Government Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

  7. U.S. government - defense expenditures per capita 1995-2024

    • statista.com
    Updated Oct 1, 2024
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    Statista (2024). U.S. government - defense expenditures per capita 1995-2024 [Dataset]. https://www.statista.com/statistics/203090/defense-expenditures-of-the-us-per-capita/
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    Dataset updated
    Oct 1, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    This graph shows the defense expenditures of the United States per capita from 1995 to 2024. In 2024, it is estimated that around 2,239 U.S. dollars per capita were spent on military causes by the United States. A ranking of countries with the highest military expenditures can be accessed here.

  8. United States US: Military Expenditure

    • ceicdata.com
    Updated May 15, 2009
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    CEICdata.com (2009). United States US: Military Expenditure [Dataset]. https://www.ceicdata.com/en/united-states/defense-and-official-development-assistance/us-military-expenditure
    Explore at:
    Dataset updated
    May 15, 2009
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 1, 2005 - Sep 1, 2016
    Area covered
    United States
    Variables measured
    Operating Statement
    Description

    United States US: Military Expenditure data was reported at 609.758 USD bn in 2017. This records an increase from the previous number of 600.106 USD bn for 2016. United States US: Military Expenditure data is updated yearly, averaging 277.591 USD bn from Sep 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 711.338 USD bn in 2011 and a record low of 45.380 USD bn in 1960. United States US: Military Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; ; Data for some countries are based on partial or uncertain data or rough estimates. For additional details please refer to the military expenditure database on the SIPRI website: https://sipri.org/databases/milex

  9. T

    United States Military Expenditure

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated May 6, 2025
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    TRADING ECONOMICS (2025). United States Military Expenditure [Dataset]. https://tradingeconomics.com/united-states/military-expenditure
    Explore at:
    excel, xml, json, csvAvailable download formats
    Dataset updated
    May 6, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1949 - Dec 31, 2024
    Area covered
    United States
    Description

    Military Expenditure in the United States increased to 997309 USD Million in 2024 from 916014.70 USD Million in 2023. United States Military Expenditure - values, historical data, forecasts and news - updated on July of 2025.

  10. Latin America: value of military spending 2023, by country

    • statista.com
    Updated Sep 9, 2024
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    Statista (2024). Latin America: value of military spending 2023, by country [Dataset]. https://www.statista.com/statistics/794434/military-spending-latin-america-country/
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    Dataset updated
    Sep 9, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    Latin America, LAC
    Description

    In 2023, Brazil ranked first in the annual value of military spending in Latin America, with an expenditure of over 21 billion U.S. dollars. Mexico came in second with almsot ten billion U.S. dollars in military expenditure. Brazil is also the second Latin American country with the largest military personnel.

  11. G

    Military spending in North America | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Nov 26, 2019
    + more versions
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    Globalen LLC (2019). Military spending in North America | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/mil_spend/North-America/
    Explore at:
    xml, excel, csvAvailable download formats
    Dataset updated
    Nov 26, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2022
    Area covered
    North America, World
    Description

    The average for 2022 based on 14 countries was 65.36 billion U.S. dollars. The highest value was in the USA: 876.94 billion U.S. dollars and the lowest value was in Costa Rica: 0 billion U.S. dollars. The indicator is available from 1960 to 2022. Below is a chart for all countries where data are available.

  12. T

    MILITARY EXPENDITURE by Country in AMERICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 27, 2017
    + more versions
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    TRADING ECONOMICS (2017). MILITARY EXPENDITURE by Country in AMERICA [Dataset]. https://tradingeconomics.com/country-list/military-expenditure?continent=america
    Explore at:
    excel, csv, json, xmlAvailable download formats
    Dataset updated
    May 27, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    United States
    Description

    This dataset provides values for MILITARY EXPENDITURE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  13. M

    North America Military Spending/Defense Budget

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). North America Military Spending/Defense Budget [Dataset]. https://www.macrotrends.net/global-metrics/countries/nac/north-america/military-spending-defense-budget
    Explore at:
    csvAvailable download formats
    Dataset updated
    May 31, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1960 - Dec 31, 2023
    Area covered
    North America
    Description

    Historical chart and dataset showing North America military spending/defense budget by year from 1960 to 2023.

  14. F

    Federal Government: National Defense Consumption Expenditures and Gross...

    • fred.stlouisfed.org
    json
    Updated Jun 26, 2025
    + more versions
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    (2025). Federal Government: National Defense Consumption Expenditures and Gross Investment [Dataset]. https://fred.stlouisfed.org/series/FDEFX
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jun 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Federal Government: National Defense Consumption Expenditures and Gross Investment (FDEFX) from Q1 1947 to Q1 2025 about defense, investment, gross, federal, consumption expenditures, consumption, government, GDP, and USA.

  15. G

    Military spending, percent of GDP in Latin America | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 31, 2021
    + more versions
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    Globalen LLC (2021). Military spending, percent of GDP in Latin America | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/mil_spend_gdp/Latin-Am/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Jan 31, 2021
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2022
    Area covered
    Americas, Latin America, World
    Description

    The average for 2022 based on 17 countries was 1.16 percent. The highest value was in Colombia: 3.08 percent and the lowest value was in Haiti: 0.07 percent. The indicator is available from 1960 to 2022. Below is a chart for all countries where data are available.

  16. M

    World Military Spending/Defense Budget

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). World Military Spending/Defense Budget [Dataset]. https://www.macrotrends.net/global-metrics/countries/wld/world/military-spending-defense-budget
    Explore at:
    csvAvailable download formats
    Dataset updated
    May 31, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    world
    Description
    World military spending/defense budget for 2023 was 2.387 trillion US dollars, a 8.52% increase from 2022.
    <ul style='margin-top:20px;'>
    
    <li>World military spending/defense budget for 2022 was <strong>2.199 trillion US dollars</strong>, a <strong>6.41% increase</strong> from 2021.</li>
    <li>World military spending/defense budget for 2021 was <strong>2.067 trillion US dollars</strong>, a <strong>6.81% increase</strong> from 2020.</li>
    <li>World military spending/defense budget for 2020 was <strong>1.935 trillion US dollars</strong>, a <strong>4.2% increase</strong> from 2019.</li>
    </ul>Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
    
  17. G

    Military spending, percent of government spending in South America |...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Dec 16, 2020
    + more versions
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    Globalen LLC (2020). Military spending, percent of government spending in South America | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/military_spending_percent_government_spending/South-America/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Dec 16, 2020
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1988 - Dec 31, 2022
    Area covered
    World
    Description

    The average for 2022 based on 9 countries was 4.83 percent. The highest value was in Colombia: 9.18 percent and the lowest value was in Argentina: 1.26 percent. The indicator is available from 1988 to 2022. Below is a chart for all countries where data are available.

  18. F

    Government current expenditures: Federal: National defense

    • fred.stlouisfed.org
    json
    Updated Dec 19, 2024
    + more versions
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    (2024). Government current expenditures: Federal: National defense [Dataset]. https://fred.stlouisfed.org/series/G160461A027NBEA
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Dec 19, 2024
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Government current expenditures: Federal: National defense (G160461A027NBEA) from 1959 to 2023 about defense, expenditures, federal, government, GDP, and USA.

  19. Latin America: military expenditure as percentage of GDP 2023, by country

    • statista.com
    Updated Sep 10, 2024
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    Statista (2024). Latin America: military expenditure as percentage of GDP 2023, by country [Dataset]. https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/
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    Dataset updated
    Sep 10, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    LAC, Latin America
    Description

    In 2023, the military expenditure of Colombia accounted for approximately 2.87 percent of the country's gross domestic product (GDP), the highest share in Latin America and the Caribbean. Ecuador is also one of the countries in the region with the highest military budget in relation to its GDP, having spent an estimated sum comparable to 2.3 percent of its GDP on military expenditures.

  20. M

    American Samoa Military Spending/Defense Budget | Historical Data | N/A-N/A

    • macrotrends.net
    csv
    Updated Jun 30, 2025
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    MACROTRENDS (2025). American Samoa Military Spending/Defense Budget | Historical Data | N/A-N/A [Dataset]. https://www.macrotrends.net/datasets/global-metrics/countries/asm/american-samoa/military-spending-defense-budget
    Explore at:
    csvAvailable download formats
    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    American Samoa
    Description

    Historical dataset showing American Samoa military spending/defense budget by year from N/A to N/A.

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Statista (2025). Countries with the highest military spending 2023 [Dataset]. https://www.statista.com/statistics/262742/countries-with-the-highest-military-spending/
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Countries with the highest military spending 2023

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73 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
May 30, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2023
Area covered
Worldwide
Description

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.

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