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Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions Defense spending in the UK over time Main article: Past military expenditure by country The Saturday Review magazine in February 1898 outlined the levels of military expenditure as a percentage of tax revenue spent by the then great powers for the year 1897: [ 8 ]
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] The defense budget is shown in billions of dollars and total budget in trillions of dollars.
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions This is a list of countries by past military expenditure , starting 1987. Methodology
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
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National defense spending is any government spending attributable to the maintenance and strengthening of the United States Armed Forces, including the Army, Navy, Marines, and the Air Force. [14] As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget . [ 13 ]
The act, nearly 3,100 pages long, called for a 5.2% pay raise for service members and increased the nation's total national security budget by about 3% to $886 billion.
A U.S. official said the $3.4 billion in budget funding brings the total in U.S. budget aid to Ukraine to just over $30 billion since Russia's invasion in February 2022.