Top-10 Countries with the Highest Military Expenditure 2024

Military spending is a crucial factor in determining the defense capabilities and geopolitical influence of a nation. Countries invest significant portions of their GDP to ensure national security, develop advanced technologies, and maintain a robust military presence. Here’s a look at the top 10 countries with the highest military expenditures globally.

Global Military Expenditure

According to SIPRI, global military spending has grown by 6.8%, reaching $2,443 billion. This is the highest increase since 2009, with military budgets rising in all five regions of the world. Military spending now makes up 2.3% of the world’s total economy. This rise shows that countries are investing more in their defense and military forces.

Largest Country in terms of Military Expenditure as of 2024

As of 2024, the United States is the largest country in military spending, with a budget of $916 billion. This amount represents 3.4% of its gross domestic product (GDP). The U.S. invests heavily in its military to maintain its global presence, enhance national security, and develop advanced technologies. This significant expenditure reflects the country’s commitment to its defense and military capabilities.

Top-10 Countries with the Highest Military Spending as of 2024

United States of America, with the military expenditure of $916 billion, stands as the largest country in terms of military expenditure, followed by China, Russia and India.

Here is the list of top-10 countries with the highest military spending 2024:

Position of India in Military Expenditure

India spent $83.6 billion on its military, making it the fourth-largest military spender in the world, according to SIPRI. This increase was mainly due to higher costs for personnel and operations, which made up nearly 80% of the total budget. The government is focusing on improving its military readiness because of ongoing tensions with China and Pakistan.