Military expenditure in constant prices of 2020

(million US dollars)

The United States of America is the top country by real military expenditure in the world. As of 2021, real military expenditure in the United States of America was 767,780 million US dollars that accounts for 39.07% of the world's real military expenditure. The top 5 countries (others are China, India, Russian Federation, and the United Kingdom) account for 62.96% of it. The world's total real military expenditure was estimated at 1,965,260 million US dollars in 2021.

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What is real military expenditure?

Figures in constant (2020) US$ are present according to calendar year, calculated on the assumption that, where financial years do not correspond to calendar years, spending is distributed evenly through the year