{"id":1537238,"date":"2025-05-21T08:15:00","date_gmt":"2025-05-21T12:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1537238"},"modified":"2025-05-21T08:15:00","modified_gmt":"2025-05-21T12:15:00","slug":"breaking-down-global-military-spending-by-country-in-2024","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/breaking-down-global-military-spending-by-country-in-2024\/1537238\/","title":{"rendered":"Breaking Down Global Military Spending By Country In 2024"},"content":{"rendered":"

Breaking Down Global Military Spending By Country In 2024<\/span><\/p>\n

\n

In a world where superpowers are defined by economic and military stature, countries continue to invest hundreds of billions in military and defense every year.<\/p>\n

In 2024, global military expenditure reached\u00a0$2.7 trillion<\/strong>, hitting a record high – and just three countries made up more than half of the total.<\/p>\n

This infographic, via Visual Capitalist’s Niccolo Conte,<\/a> breaks down global military spending by country in 2024, highlighting the top military spenders using data from the Stockholm International Peace Research Institute (SIPRI<\/a>).<\/p>\n

<\/a><\/p>\n

The World\u2019s Biggest Military Spenders in 2024<\/h2>\n

America continues to dominate global military expenditure, spending nearly\u00a0$1 trillion<\/strong>\u00a0or 3.4% of its GDP on defense in 2024. U.S. military expenditure makes up over\u00a0one-third<\/strong>\u00a0of the global total, and it also has the world\u2019s\u00a0biggest defense budget<\/a>.<\/p>\n

Here\u2019s a look at the top 20 countries by military spending in 2024:<\/p>\n

<\/a><\/p>\n

China follows the U.S. with an estimated\u00a0$314 billion<\/strong>\u00a0in military expenditure, up 7% from 2023. Over the last decade (2015\u20132024), China\u2019s military spending increased by\u00a059%<\/strong>.<\/p>\n

Meanwhile, Russia\u2019s spending was up by\u00a038%<\/strong>\u00a0year over year at nearly\u00a0$150 billion<\/strong>. Together, the United States, China, and Russia\u2014often considered strategic competitors\u2014made up\u00a054%<\/strong>\u00a0of global military expenditure in 2024.<\/p>\n

Germany and India round out the top five, with both countries ramping up military spending in light of rising geopolitical tensions in recent years. India\u2019s simmering\u00a0tensions with Pakistan<\/a>\u00a0and China contribute to its defense budget.<\/p>\n

Meanwhile, as a major\u00a0NATO member<\/a>, Germany\u2019s spending is partly down to the conflict between Russia and Ukraine. Together, NATO countries made up\u00a055%<\/strong>\u00a0of global military expenditure in 2024.<\/p>\n

In the eighth spot, Ukraine has seen the biggest jump in military spending in recent years\u2014with its 2024 spending at nearly 10 times 2021 levels. It also has the highest military burden globally at\u00a034.5%<\/strong>\u00a0of its GDP in 2024. Although peace talks between Russia and Ukraine are ongoing, a complete ceasefire is yet to be achieved.<\/p>\n

To see how global military expenditure has evolved in the 21st century, check out\u00a020 Years of Global Military Spending<\/a>\u00a0on the Voronoi app.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 05\/21\/2025 – 04:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/military\/breaking-down-global-military-spending-country-2024<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

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