World military budgets. Accounted for 37 percent of the total. In 2014 us military spending reached 571 billion a huge distance ahead of second placed chinas 1294. Its spending levels as noted earlier is the principle determinant of world military spending and is therefore worth looking at further.
In the modern era this would imply the current form of globalization which many perceive around the world to be unequal. 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. But theres a catch.
The gfp ranking is based on each nations potential war making capability across land sea and air fought with conventional weaponsthe results incorporate values related to resources finances and geography with over 55 different factors ultimately making up the final list. Global military spending reached 1739 trillion in 2017 up 11 from 2016. Outpaces all other nations in military expenditures.
Military spending amounted to 611 billion us. The purpose of the military has typically been to aid economic objectives. Such fluctuations may change a countrys ranking from one year to the next.
World military spending totaled more than 16 trillion in 2015. 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. In 2016 the us.
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. Whether the imperial roman in the past or america today many empires seem to exhibit similar features. In 2017 the usa spent more on its military than the next seven highest spending countries combined according to sipri.
These results can vary greatly from one year to another based on fluctuations in the exchange rates of each countrys currency. No country worldwide comes close to matching the united states in military expenditure. The united states has unquestionably been the most formidable military power in recent years.