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The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates. [2] The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources.
Rank Country Global Militarization Index (GMI) Military Expenditure Index Score People Index Score Heavy Weapons Index Score 1 Ukraine 335: 5.11: 1.29: 1.75
The share of total expenditure, the average defence spending was 2.5 % in 2021 in the EU and 2.4% in the euro area. As a share of GDP the average was 1.3% in the EU and in the euro area. [1] Total defence expenditure of the European Defence Agency (EDA) Member States was €279 billion in 2023, which was 1.6% of the 27 EDA Member States’ GDP. [2]
The United States has long had the world’s biggest defense budget, ... expenses in 2024 are running 41% higher than in 2023. ... due to pandemic-related stimulus measures in 2020 and 2021.
SIPRI's estimate of the top 10 countries by per capita military expenditure, US dollars per person (2023). [3] Country name $/cap Accuracy Israel: 2997,1 Precise United States: 2694,2 Precise Singapore: 2194,6 Precise Saudi Arabia: 2051,9 Estimate Kuwait: 1799,3 Precise Ukraine: 1762,2 Estimate Norway: 1583,6 Precise Denmark: 1377,9 Precise Finland
6 2020–2023. 7 See also. 8 References. ... Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... Military budget;
If the House and Senate versions of the defense budget are reconciled, Fort Liberty could stand to receive more than $160 million for these projects.
By 2022, however, NATO leaders have once again began re-evaluating their defense budgets following Russia’s invasion of Ukraine, and by 2024, a historic number of NATO allies had met their ...