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Global military expenditure in 2022. This is a list of countries with the highest military expenditure in a given year. Military expenditure figures are presented in United States dollars based on either constant or current exchange rates. [1]
They are presented in millions of United States dollars in current prices, converted at the exchange rate for the given year. [1] If there is no data for a particular year, a cell is left blank. Although the database includes statistics for over 150 countries, per SIPRI's Terms and Condition permission is needed to directly reproduce more than ...
This list is sourced from the Stockholm International Peace Research Institute (SIPRI) for the year 2020. As of 2021, the top five per capita spenders are Qatar (~$3955), Israel (~$2770), United States (~$2405), Kuwait (~$2085) and Singapore (~$1885). All five countries have increased their spending since the previous year (2020).
As of 10 March 2023 the fiscal year 2024 (FY2024) presidential budget request was $842 billion. [b] In January 2023 Treasury Secretary Janet Yellen announced the US government would hit its $31.4 trillion debt ceiling on 19 January 2023; [18] the date on which the US government would no longer be able to use extraordinary measures such as issuance of Treasury securities is estimated to be in ...
In 1970, the United States government spent just over $80 billion on national defense. Over the next two decades, national defense spending increased steadily to around $300 billion per year. [10] Military spending fell in the 1990s, but increased markedly in the 2000s as a result of the War in Afghanistan and Iraq.
Military budget of India; Military budget of Iran; ... Military budget of the United States This page was last edited on 16 May 2020, at 05:53 (UTC). Text ...
The total budget sanctioned for the Indian military for the financial year 2021 is ₹ 4.78 lakh crore (equivalent to ₹ 5.6 trillion or US$67 billion in 2023). [ 3 ] [ 4 ] It has the third largest annual defence budget behind USA (US$732 billion) and China (US$261 billion).
The defence budget of India was increased to ₹ 621,940 crore (US$75 billion) in the 2024-2025 union budget from ₹ 593,538 crore (US$71 billion) during last year. This year’s defence budget accounts for 1.89% of the country’s projected gross domestic product (GDP) for 2024-25.