2023 US defense spending reaches $2.44 trillion, a 6.8% increase, accounting for 37.5% of global military spending.
The United States has the world's strongest military, with defense spending reaching a record $2.44 trillion in 2023, a 6.8% increase from the previous year. The US accounted for 37.5% of global military spending, up 2.3% from 2022. Europe's defense spending rose by 16%, totaling $588 billion, representing 24% of the world's military expenditure.
July 29, 2024
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