The U.S. and China Account for 49% of Global Military Spending

What we’re showing?

The world’s top 15 countries by military expenditures in 2023. This data comes from the Stockholm International Peace Research Institute (SIPRI).

Key Takeaway

The two largest spenders, the U.S. and China, accounted for approximately half of global military spending in 2023.

The most significant percentage increase in 2023 occurred in Ukraine, where spending increased by 51% from 2022 levels. Ukraine received military aid from over 30 countries in 2023. The main donors were the USA and the UK, as well as Germany and other European Union (EU) member states.