Military budgets by country. Ive always coveted the property and casualty insurance but have never been eligible so im with state farm. Dr lee willett discusses how national capabilities and international co operation combine to overcome such risks. Us and world military spending and budgets are very high almost back to cold war levels.
The statistic shows the us. Icelands national security policy sets out risks that the country must address. Outpaces all other nations in military expenditures.
Army personnel to pre world war ii levels american military might is beyond question. This chart from april 2013 which is making the rounds again shows that. Such fluctuations may change a countrys ranking from one year to the next.
Im a big fan of usaa even though im non military. World military spending totaled more than 16 trillion in 2015. Despite a proposed slashing of us.
In 2014 us military spending reached 571 billion a huge distance ahead of second placed chinas 1294. Accounted for 37 percent of the total. But when military spend is looked at as a percentage of a countrys gross domestic product gdp the picture is different.
Military spending amounted to 611 billion us. This article is a list of countries by military expenditure in a given yearmilitary expenditure figures are presented in united states dollars based on either constant or current exchange rates. In 2016 the us.
The united states regularly has the worlds highest military expenditure and upped its budget to 603 billion 467 billion this year. No country worldwide comes close to matching the united states in military expenditure. Have been a banking customer of usaa since 1992.