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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.
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] Some sources say that Russian and Chinese military spending are actually far higher than the chart due to captive markets and purchasing price parity in those ...
Military budget. 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.
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). The UAE, for which recent data is not available, has also spent historically large amounts of money on the military on ...
The European Defence Agency member state average spend on defence as a percentage of GDP was 1.5% in 2022. [ 2] Rank (lowest first) Country. Percentage of GDP expenditure, 2023 [ 3] 29. Albania. 1.74%. 1.
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.
The Nordic country's defence spending has roughly doubled since 2020 to around 120 billion crowns ($11 billion) in 2024, when the government says it will meet NATO's target of a military budget
[20] [21] [22] While NATO members have committed to spending at least 2% of their Gross Domestic Product (GDP) on defence, most of them did not meet that goal in 2023 [23] Total Military budget of European NATO countries (excluding Turkey) as a percentage of US military budget.