Military spending in United States

United States: Military spending was 1.06 trillion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
1.06 trillion constant 2022 US$
Change on year
up 2.7%
World rank
1st
of 172 countries
All-time high
1.13 trillion constant 2022 US$
in 1944
All-time low
126.12 million constant 2022 US$
in 1822
Years of data
208
1816–2023

Military spending in United States, 1816–2023

0250.0B500.0B750.0B1.0T1.2T181619192023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

In 2023, military spending in United States stood at 1.06 trillion constant 2022 US$.

That represents a change of up 2.7% on the previous year and up 42.3% over ten years.

Over the whole period, military spending in United States peaked at 1.13 trillion constant 2022 US$ in 1944 and was at its lowest, 126.12 million constant 2022 US$, in 1822.

United States ranks 1st of 172 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

DecadeAverage LowestHighest Years
1810s 192.89 million constant 2022 US$ 158.82 million constant 2022 US$ 252.77 million constant 2022 US$ 4
1820s 160.36 million constant 2022 US$ 126.12 million constant 2022 US$ 208.93 million constant 2022 US$ 10
1830s 277.29 million constant 2022 US$ 190.91 million constant 2022 US$ 322.47 million constant 2022 US$ 10
1840s 585.22 million constant 2022 US$ 323.85 million constant 2022 US$ 1.28 billion constant 2022 US$ 10
1850s 751.64 million constant 2022 US$ 638.59 million constant 2022 US$ 870.23 million constant 2022 US$ 10
1860s 8.20 billion constant 2022 US$ 924.21 million constant 2022 US$ 27.21 billion constant 2022 US$ 10
1870s 1.35 billion constant 2022 US$ 1.20 billion constant 2022 US$ 1.54 billion constant 2022 US$ 10
1880s 1.33 billion constant 2022 US$ 1.22 billion constant 2022 US$ 1.58 billion constant 2022 US$ 10
1890s 3.02 billion constant 2022 US$ 1.86 billion constant 2022 US$ 6.48 billion constant 2022 US$ 10
1900s 5.91 billion constant 2022 US$ 4.97 billion constant 2022 US$ 7.21 billion constant 2022 US$ 10
1910s 29.28 billion constant 2022 US$ 6.06 billion constant 2022 US$ 125.87 billion constant 2022 US$ 10
1920s 10.79 billion constant 2022 US$ 8.27 billion constant 2022 US$ 17.24 billion constant 2022 US$ 10
1930s 13.99 billion constant 2022 US$ 9.98 billion constant 2022 US$ 19.45 billion constant 2022 US$ 10
1940s 444.98 billion constant 2022 US$ 22.19 billion constant 2022 US$ 1.13 trillion constant 2022 US$ 10
1950s 376.83 billion constant 2022 US$ 146.23 billion constant 2022 US$ 464.31 billion constant 2022 US$ 10
1960s 429.77 billion constant 2022 US$ 354.49 billion constant 2022 US$ 522.11 billion constant 2022 US$ 10
1970s 392.68 billion constant 2022 US$ 356.93 billion constant 2022 US$ 469.48 billion constant 2022 US$ 10
1980s 531.55 billion constant 2022 US$ 389.79 billion constant 2022 US$ 608.43 billion constant 2022 US$ 10
1990s 508.22 billion constant 2022 US$ 464.68 billion constant 2022 US$ 571.18 billion constant 2022 US$ 10
2000s 661.16 billion constant 2022 US$ 495.00 billion constant 2022 US$ 789.49 billion constant 2022 US$ 10
2010s 789.72 billion constant 2022 US$ 712.55 billion constant 2022 US$ 896.96 billion constant 2022 US$ 10
2020s 1.02 trillion constant 2022 US$ 989.87 billion constant 2022 US$ 1.06 trillion constant 2022 US$ 4

Countries ranked near United States

  1. 2 China 349.48 billion constant 2022 US$ compare
  2. 3 Russia 120.26 billion constant 2022 US$ compare
  3. 4 India 95.30 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for United States

All data for United States →

Frequently asked questions

What is military spending in United States?
Military spending in United States was 1.06 trillion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in United States?
The highest recorded value was 1.13 trillion constant 2022 US$ in 1944.
What is the lowest military spending recorded in United States?
The lowest recorded value was 126.12 million constant 2022 US$ in 1822.
How does United States rank for military spending?
United States ranks 1st out of 172 countries with data for 2023.
Is military spending rising or falling in United States?
Over the last ten years it is up 42.3%. The long-run trend across the full record is volatile.
Where does this United States data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 208 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.