Comparing U.S. Defense Spending to the Rest of the World in 2024

Dollars don't always win wars, but they certainly help - and more importantly for the U.S. spend - prevent conflict.

Here are interesting comparisons of the U.S.’s defense spending against the rest of the world’s militaries. It’s no surprise that our defense budget dominates over the next seven spenders combined at an estimated $977 billion last year. Yet, the U.S. is tied with Colombia for eighth place when it comes to defense spending relative to our GDP at 3.4%. …