Military budgets by country. Dr lee willett discusses how national capabilities and international co operation combine to overcome such risks. World military spending totaled more than 16 trillion in 2015. Outpaces all other nations in military expenditures.
Military spending amounted to 611 billion us. In 2014 us military spending reached 571 billion a huge distance ahead of second placed chinas 1294. The united states regularly has the worlds highest military expenditure and upped its budget to 603 billion 467 billion this year.
No country worldwide comes close to matching the united states in military expenditure. Have been a banking customer of usaa since 1992. Im a big fan of usaa even though im non military.
Army personnel to pre world war ii levels american military might is beyond question. The statistic shows the us. Such fluctuations may change a countrys ranking from one year to the next.
In 2016 the us. These results can vary greatly from one year to another based on fluctuations in the exchange rates of each countrys currency. 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.
The united states is leading the statistics. Despite a proposed slashing of us. Ive always coveted the property and casualty insurance but have never been eligible so im with state farm.
Us and world military spending and budgets are very high almost back to cold war levels. Icelands national security policy sets out risks that the country must address. 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.