Military spending by country worldwide 2023 | Statista (2024)

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Military spending by country worldwide 2023 | Statista? ›

ș The USA and China remained the top two biggest spenders in the world and both increased their military spending in 2023. US spending was $916 billion while Chinese spending was an estimated $296 billion. ș Russia's military spending grew by 24 per cent in 2023 to an estimated $109 billion.

ș The USA and China remained the top two biggest spenders in the world and both increased their military spending in 2023. US spending was $916 billion while Chinese spending was an estimated $296 billion. ș Russia's military spending grew by 24 per cent in 2023 to an estimated $109 billion.

The US remains the world's largest defense spender, outlaying $916 billion last year, a 2.3 percent annual increase, ahead of China in second place, which spent an estimated $296 billion, a 6 percent increase over the same period.

Leading military spending countries

In gross terms, the countries with the highest military spending are the United States, China, and Russia.

Military expenditure increases in all regions

World military expenditure rose for the ninth consecutive year to an all-time high of $2443 billion.

1. The United States. The world's biggest power i.e. 'The United States' has the most powerful army in the world.

The annual analysis by the Stockholm International Peace Research Institute (SIPRI), which estimates the full range of military spending by country beyond official figures, puts China's military spending at $292 billion in 2022, compared to U.S. spending of $877 billion in the same year.

Nearly half of mandatory spending in 2022 was for Social Security and other income support programs such as the Child Tax Credit, food and nutrition assistance, and federal employee benefits (figure 3). Most of the remainder paid for the two major government health programs, Medicare and Medicaid.

Where does the US rank in military spending? ›

The United States has the largest military budget, spending $876.9 billion. The next largest military spender is China, which spends $292 billion.

The United States of America is a North American nation that is the world's most dominant economic and military power.

The average for 2022 based on 145 countries was 1.98 percent. The highest value was in Ukraine: 33.55 percent and the lowest value was in Haiti: 0.07 percent. The indicator is available from 1960 to 2022.

China currently maintains the largest army in the world, commanded by a single country, with 2.18 active military personnel. India, the United States, and Russia each maintain 1.45 million, 1.33 million, and 1.32 million active military personnel, respectively.

How many people are in the military? The military includes 2,079,142 military personnel and 778,539 civilians as of September 2023. The US military's strength of 2.86 million troops is slightly greater than the population of Chicago, Illinois, the country's third-largest city.