Military budgets by country. Icelands national security policy sets out risks that the country must address. This chart from april 2013 which is making the rounds again shows that. Im a big fan of usaa even though im non military.
The statistic shows the us. In 2014 us military spending reached 571 billion a huge distance ahead of second placed chinas 1294. Army personnel to pre world war ii levels american military might is beyond question.
Military spending in the years 2000 to 2016. Military spending amounted to 611 billion us. Ive always coveted the property and casualty insurance but have never been eligible so im with state farm.
World military spending totaled more than 16 trillion in 2015. Us and world military spending and budgets are very high almost back to cold war levels. Accounted for 37 percent of the total.
This article is a list of countries by military expenditure in a given yearmilitary expenditure figures are presented in united states dollars based on either constant or current exchange rates. The united states regularly has the worlds highest military expenditure and upped its budget to 603 billion 467 billion this year. Despite a proposed slashing of us.
Dr lee willett discusses how national capabilities and international co operation combine to overcome such risks. No country worldwide comes close to matching the united states in military expenditure. But when military spend is looked at as a percentage of a countrys gross domestic product gdp the picture is different.
These results can vary greatly from one year to another based on fluctuations in the exchange rates of each countrys currency. In 2016 the us. The military budget is the portion of the discretionary united states federal budget allocated to the department of defense or more broadly the portion of the budget that goes to any military related expendituresthe military budget pays the salaries training and health care of uniformed and civilian personnel maintains arms equipment and facilities funds operations and develops and.