Countries by Military Spending 2024
Key Findings
About This Dataset
Countries by Military Spending 2024The disparity in military spending between the United States and its closest competitor, China, is striking. The U.S. military budget of $916 billion dwarfs China's $296 billion, highlighting a significant gap in defense capabilities and priorities. Russia's $109 billion and India's $83 billion further illustrate a tiered structure in global military finance, where the top three nations account for a substantial portion of total expenditure. This trend suggests that geopolitical tensions and national security concerns continue to drive defense budgets higher, particularly in the context of ongoing conflicts and military modernization efforts. Notably, Ukraine's spending of $64 billion reflects its urgent need for defense amid ongoing challenges, signaling a shift in military priorities in response to regional threats.
Data Insights
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Methodology & source
- Data source
- Wikipedia
- Coverage
- 8 entities · 2024 · 8 observations
- Measure
- Military Spending (Billion USD)
- Last updated
- 16 September 2026
- Compiled by
- The ANYSTAT team, from the source above
- Values use the measure and unit named on this page. Consult the dataset description and cited source for coverage, definitions and any unit conversions. Displayed values may be rounded for readability.
- Entities are ranked highest-first on their value in 2024.
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