Biggest military budgets in the world. In 2014 us military spending reached 571 billion a huge distance ahead of second placed chinas 1294. The united states military spending has dominated the world for years but recent figures show that other nations are beginning to catch up. No country worldwide comes close to matching the united states in military expenditure.
Despite a proposed slashing of us. This chart from april 2013 which is making the rounds again shows that. List by the stockholm international peace research institute 2018 fact sheet for 2017 sipri military expenditure database.
Its spending levels as noted earlier is the principle determinant of world military spending and is therefore worth looking at further. But theres a catch. The uae is mostly thought of as an economic power dubai is a center of world finance and the uae has oil and gas deposits along with some of the busiest ports in the middle east.
World military spending totaled more than 16 trillion in 2015. While global tensions increase with an increasingly. 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.
List by the international institute for strategic studies top 15 defence budgets 2017. Outpaces all other nations in military expenditures. On tuesday the international institute for strategic studies released its military balance 2016 report which seeks to examine closely the changing nature of military power.