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Defense Spending as a Percent of GDP 1792–2017 Historical defense spending. The accompanying graphs show that US military spending as a percent of gross domestic product (GDP) peaked during World War II. The table shows historical spending on defense from 1996 to 2022, spending for 2023–2024 is estimated. [110]
40 countries with the highest military spending worldwide in 2023 [1] ... spending 1: United States: 916.0: 3.4: ... countries by military spending as a share of GDP ...
Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023. Figures do not include state-specific federal spending, or transfers of federal funds.
A recent analysis by the Congressional Budget Office projected that federal spending on debt interests alone would reach $870 billion in 2024, which is not only a 32 percent increase from 2023's ...
The United States has long had the world’s biggest defense budget, with spending this year set to approach $900 billion. ... interest expenses in 2024 are running 41% higher than in 2023.
The Senate Appropriations Committee is proposing $850 billion in total national defense spending for fiscal 2023, as part of its nearly $1.7 trillion spending package unveiled Thursday. The bulk ...
Transfer payments to (persons) as a percent of Federal revenue in the United States Transfer payments to (persons + business) in the United States. CBO projects that spending for Social Security, healthcare programs and interest costs will rise relative to GDP between 2017 and 2027, while defense and other discretionary spending will decline relative to GDP.
Global military expenditure in 2023. A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.