Military expenditure in United States
United States: Military expenditure was 997.31 billion current USD in 2024. ◆ Volatile
Military expenditure in United States, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in United States is 997.31 billion current USD, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 8.9% on the previous year and up 54.0% over ten years.
Over the whole period, military expenditure in United States peaked at 997.31 billion current USD in 2024 and was at its lowest, 47.35 billion current USD, in 1960.
United States ranks 1st of 167 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 62.86 billion current USD | 47.35 billion current USD | 84.99 billion current USD | 10 |
| 1970s | 94.48 billion current USD | 78.24 billion current USD | 126.88 billion current USD | 10 |
| 1980s | 251.38 billion current USD | 143.69 billion current USD | 321.87 billion current USD | 10 |
| 1990s | 304.04 billion current USD | 287.96 billion current USD | 325.13 billion current USD | 10 |
| 2000s | 500.77 billion current USD | 320.09 billion current USD | 705.92 billion current USD | 10 |
| 2010s | 687.98 billion current USD | 633.83 billion current USD | 752.29 billion current USD | 10 |
| 2020s | 871.73 billion current USD | 778.40 billion current USD | 997.31 billion current USD | 5 |
Countries ranked near United States
More public sector data for United States
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Tax revenue 10.8% (2024)
- Taxes on income, profits and capital gains 56.3% (2024)
- Taxes on goods and services 2.1% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -7.2% (2024)
- Interest payments 20.3% (2024)
- Grants and other revenue 2.9% (2024)
- Interest payments 12.9% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is military expenditure in United States?
- Military expenditure in United States was 997.31 billion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in United States?
- The highest recorded value was 997.31 billion current USD in 2024.
- What is the lowest military expenditure recorded in United States?
- The lowest recorded value was 47.35 billion current USD in 1960.
- How does United States rank for military expenditure?
- United States ranks 1st out of 167 countries with data for 2024.
- Is military expenditure rising or falling in United States?
- Over the last ten years it is up 54.0%. The long-run trend across the full record is volatile.
- Where does this United States data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)