United States Military Expenditure (USD)
$997.3B▲ +$81.3B
Dec 2024 · Annual
U.S. military expenditure rose to $997.3 billion in 2024, up from $916.0 billion in 2023, marking a new all-time high for the series that began in 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $997.3B | $916.0B | $997.3BDec 2024 | $47.3BDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 3.4% | 3.3% | 9.4% | 3.1% | Dec 2024 | Annual |
| GDP | $30.77T | $29.30T | $30.77T | $542.0B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in United States averaged $551.0B from 1960 until 2024, reaching an all-time high of $997.3B in Dec 2024 and a record low of $47.3B in Dec 1960. The series is reported yearly with history from 1960.
Military expenditure measures annual outlays by the U.S. government for armed forces, defense programs, and related activities, reported in current U.S. dollars. Data are compiled on an annual basis, with the series spanning from 1960 onward.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
FAQ