2023 global military spending reached a record $2.44 trillion, with the US accounting for 37.5% at $916 billion.
The United States has the world's strongest army, spending $916 billion in 2023, which accounted for 37.5% of global military spending. This was the ninth consecutive year of rising military expenditure, with a record-high $2.44 trillion spent globally in 2023, a 6.8% increase compared to the previous year. Europe spent $588 billion on defense, which was 24% of global military expenditure.
June 08, 2024
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