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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.
The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources. Some sources say that Russian and Chinese military spending are actually far higher than the chart due to captive markets and purchasing price parity in those countries. [3][4]
The SIPRI Military Expenditure Database contains consistent time series on the military spending of countries for the period 1949–2023. The database is updated annually, which may include updates to data for any of the years included in the database.
Military expenditure by country, in constant (2022) US$, 1949-2023. Figures are in US$, at constant 2022 prices and exchange rates. Although the lack of sufficiently detailed data makes it difficult to apply a common definition of military expenditure on a worldwide basis, SIPRI has adopted a definition as a guideline.
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).
REGIONAL TRENDS. Countries in the Americas accounted for 41 per cent of the world’s military spending in 2023 (see table 2), followed by countries in Asia and Oceania (24 per cent), Europe (24 per cent), the Middle East (8.2 per cent) and Africa (2.1 per cent).
Jul 4, 2024. As a share of gross domestic product (GDP), Ukraine spent more on its military than any other country in 2023, reaching 37 percent of the country's GDP. The high figure is due to...
Military expenditure divided by gross domestic product, expressed as a percentage. Includes military and civil personnel, operation and maintenance, procurement, military research and development, infrastructure, and aid.
The 15 largest spenders in 2022 together accounted for 82 per cent of world military expenditure, or $1842 billion (see table 1). There were some notable changes in ranking among the top 15 between 2021 and 2022, which were largely attributable to the war in Ukraine that started in February 2022.
How countries rank by military spending. Our analysis shows how NATO allies match up against their rivals. May 7th 2024. Share. T O ASSESS THE state of international affairs, a good rule of...