This is a list of countries with highest military expenditures. The first list is based on the Stockholm International Peace Research Institute (SIPRI) fact sheet, which includes a list of the world's top 40 military spenders as of 2023, based on current market exchange rates. [1]

Since 1980, defense spending has risen by 62%, climbing from $506 billion to $820 billion by 2023, after adjusting for inflation. In 2023, the US military spent approximately $820.3 billion, or roughly 13.3% of the entire federal budget for that fiscal year.

Global Firepower tracks the annual defense spending budgets of each participant in the GFP ranking, these being funds allotted by governments to cover various aspects of a standing fighting force - namely procurement, maintenance / support, …

The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more broadly, the portion of the budget that goes to any military-related expenditures.

Military spending not only impacts national security but also influences global power dynamics, trade, and international relations. As of 2024, global military expenditures have reached unprecedented levels, driven by heightened geopolitical tensions, modernization of defense systems, and increased investments in cybersecurity and artificial ...

2 days ago · These and other homeland priorities will be reflected in the fiscal year 2026 defense budget and future defense budgets, he added. The secretary also addressed defense spending.

Military expenditures compares spending on defense programs for the most recent year available as a percent of gross domestic product (GDP; calculated on an exchange rate basis).

NATO collects defence expenditure data from Allies and publishes it on a regular basis. Each Ally’s Ministry of Defence reports current and estimated future defence expenditure according to an agreed definition.

According 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...

Dec 12, 2024 · In the President’s 2024 budget request, total military compensation is $551 billion, including veterans' benefits. That amount represents an increase of 134 percent since 1999 after removing the effects of inflation.