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, …

Nov 30, 2024 · In FY 2025, the Department of Defense (DOD) had $1.50 Trillion distributed among its 6 sub-components. Agencies spend available budgetary resources by making …

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 ...

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).