As a share of gross domestic product (GDP), Saudi Arabia spent more on its military than any other country in 2021, followed by Israel and Russia.
Military expenditure (% of GDP) in United States was reported at 3.7412 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Top 10 Countries with the Highest Military Expenditures (2020):
- The United States — $778 billion.
- China — $252 billion [estimated]
- India — $72.9 billion.
- Russia — $61.7 billion.
- United Kingdom — $59.2 billion.
- Saudi Arabia — $57.5 billion [estimated]
- Germany — $52.8 billion.
- France — $52.7 billion.
The United States spends more on national defense than China, India, Russia, United Kingdom, Saudi Arabia, Germany, France, Japan, and South Korea — combined.
Military expenditure (% of GDP) in Israel was reported at 5.6245 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Since 2000, China's defense expenditures as a share of its GDP has hovered at or below 2 percent. In comparison, US military spending averaged about 3.9 percent of GDP from 2000 to 2020.
About one-sixth of federal spending goes to national defense. CBO estimates the budgetary effects of legislation related to national security and assesses the cost-effectiveness of current and proposed defense programs.
In 2020, U.S. national health expenditure as a share of its gross domestic product (GDP) reached an all time high of 19.7%. The United States has the highest health spending based on GDP share among developed countries. Both public and private health spending in the U.S. is much higher than other developed countries.
The USA also has an overwhelming advantage over Russia in terms of conventional forces. Russia still has incredible military might, even if it is not as large as NATO's, with more than a million active troops.
In short, Russia is ranked 2nd out of 140 in military strength while the US is ranked 1st. As per the army population, Russia has 142,320,790 soldiers while The US has 334,998,398 soldiers. The available manpower is 69,737,187 with Russia and 147,399,295 with the United States.
Social Security takes up the largest portion of the mandatory spending dollars. In fact, Social Security demands $1.046 trillion of the total $2.739-trillion mandatory spending budget. It also includes programs like unemployment benefits and welfare.
National defense spending
As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget.
Nearly 60 percent of mandatory spending in 2019 was for Social Security and other income support programs (figure 3). Most of the remainder paid for the two major government health programs, Medicare and Medicaid.
For the past 20 years, defense spending had averaged 1.3 percent of GDP. The announced increase translates into an annual defense budget of about 71 billion euros ($78 billion), up from about 47 billion euros ($50 billion).
Russia increased its military expenditure by 2.9 per cent in 2021, to $65.9 billion, at a time when it was building up its forces along the Ukrainian border. This was the third consecutive year of growth and Russia's military spending reached 4.1 per cent of GDP in 2021.
On December 24, the cabinet of Japanese Prime Minister Kishida Fumio approved 5.4 trillion yen ($47.2 billion) defense spending in fiscal year 2022, starting in April, amid the increasingly tense security environment in east Asia.
At 4.96%, the United States spends a smaller percentage of its GDP on education than other developed nations, which average 5.59% of GDP in educational spending.
Military spending, percent of GDP, 2020 - Country rankings:
The average for 2020 based on 147 countries was 1.97 percent.
The United Kingdom today retains extensive global soft power, including a formidable military. The United Kingdom has a permanent seat on the UN Security Council alongside only 4 other powers, and is one of the nine nuclear powers.
1. United States. The US retains its position as the world's most-powerful country. US News calls it "the world's most dominant economic and military power" and notes now its "cultural imprint spans the world" thanks to its production of movies, TV, and music.
China. China is considered to be an emerging superpower or a potential superpower. Some experts argue that China will pass the United States as a global superpower in the coming decades. China's 2020 GDP was US$14.7 trillion, the second-highest in the world.
How powerful is NATO? The US has a fighting force that is only marginally larger than Russia's. NATO's chief backer has an army consisting of approximately 1,346,400 personnel. Roughly 165,000 of those are deployed, with 799,500 reserves waiting in the wings.