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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.
All members of Nato are signed up to an agreement to spend the equivalent of 2% of their gross domestic product (GDP) on defence per year. In 2023, 11 Nato countries met this pledge, including the ...
This article lists military spending in European countries by varying methods including as a percentage of GDP per capita and as a total capital expenditure as listed by the Stockholm International Peace Research Institute unless otherwise stated or cited.
Military budget of China, USSR, Russia and US in constant 2021 US$ billions Military spending as a percent of federal government revenue. 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.
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Rishi Sunak announced a plan for the UK to spend 2.5% of gross domestic product on defence by 2030 and now wants allies to follow suit.
Member states pay for NATO's three common funds (the civil and military budgets and the security investment programme) based on a cost-sharing formula that includes per capita gross national income and other factors. [158] [159] In 2023–2024, the United States and Germany were the biggest contributors with 16.2% each. [159] [160]
Russia’s 2022 invasion of Ukraine has spurred additional military spending by some NATO members. Trump has often tried to take credit for that increase, and bragged again Saturday that, as a results of his threats, “hundreds of billions of dollars came into NATO”— even though countries do not pay NATO directly. —-