United States US: Military Expenditure

1960 - 2016 | Yearly | USD mn | World Bank

United States US: Military Expenditure data was reported at 609.758 USD bn in 2017. This records an increase from the previous number of 600.106 USD bn for 2016. United States US: Military Expenditure data is updated yearly, averaging 277.591 USD bn from Sep 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 711.338 USD bn in 2011 and a record low of 45.380 USD bn in 1960. United States US: Military Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; ; Data for some countries are based on partial or uncertain data or rough estimates. For additional details please refer to the military expenditure database on the SIPRI website: https://sipri.org/databases/milex

View United States's United States US: Military Expenditure from 1960 to 2016 in the chart:

United States United States US: Military Expenditure

What was United States's United States US: Military Expenditure in 2016?

Last Previous Min Max Unit Frequency Range
611,186.44 2016 596,009.64 2015 45,380.00 1960 711,338.00 2011 USD mn yearly 1960 - 2016

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United States Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 102,986.970 2029 yearly 1980 - 2029
Forecast: Nominal GDP Per Capita (USD) 93,259.267 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 1.855 2027 yearly 1980 - 2027
GDP Deflator Growth (%) 5.4 Mar 2023 quarterly Mar 1948 - Mar 2023
GDP per Capita (USD) 59,484.000 2017 yearly 1929 - 2017
Gross Fixed Capital Formation (USD mn) 1,583,420.500 Sep 2024 quarterly Mar 1947 - Sep 2024
Gross National Product (GNP) (USD mn) 7,269,153.500 Jun 2024 quarterly Mar 1947 - Jun 2024
Gross Savings Rate (%) 17.8 Dec 2022 quarterly Mar 1947 - Dec 2022
Investment: % of GDP (%) 20.7 Mar 2023 quarterly Mar 1947 - Mar 2023
Nominal GDP (USD mn) 6,621,571.8 Mar 2023 quarterly Mar 1947 - Mar 2023
Nominal GDP Growth (%) 4.942 Sep 2024 quarterly Mar 1948 - Sep 2024
Private Consumption Expenditure (USD mn) 4,920,674.750 Jun 2024 quarterly Mar 1947 - Jun 2024
Private Consumption: % of GDP (%) 67.8 Jun 2024 quarterly Mar 1947 - Jun 2024
Public Consumption Expenditure (USD mn) 988,080.750 Sep 2024 quarterly Mar 1947 - Sep 2024
Public Consumption: % of GDP (%) 13.5 Sep 2024 quarterly Mar 1947 - Sep 2024
Real GDP Growth (%) 1.6 Mar 2023 quarterly Mar 1948 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 24.980 Jun 2024 quarterly Mar 1947 - Jun 2024
Production Last Frequency Range
Gold Production (kg) 170,000.000 2023 yearly 1900 - 2023
Industrial Production Index Growth (%) -0.6 Sep 2024 monthly Jan 1920 - Sep 2024
Minerals Production (Metric Ton) 2,316,410,664.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 10,611,555.000 2023 yearly 1997 - 2023
Silver Production (Metric Ton) 1,000.000 2023 yearly 1900 - 2023
Sales, Orders, Inventory & Shipments Last Frequency Range
New Orders Growth (%) -1.6 Sep 2024 monthly Feb 1993 - Sep 2024
Construction and Properties Last Frequency Range
House Prices Growth (%) 6.1 Jun 2024 quarterly Mar 1992 - Jun 2024
Nominal Residential Property Price Index (2010=100) 229.342 Jun 2024 quarterly Mar 1970 - Jun 2024
Nominal Residential Property Price Index Growth (%) 4.673 Jun 2024 quarterly Mar 1971 - Jun 2024
Real Residential Property Price Index (2010=100) 159.300 Jun 2024 quarterly Mar 1970 - Jun 2024
Real Residential Property Price Index Growth (%) 1.428 Jun 2024 quarterly Mar 1971 - Jun 2024
Building Permits (Unit) 113,534.000 Sep 2024 monthly Jan 1959 - Sep 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.5 Jun 2024 quarterly Sep 1981 - Jun 2024
Forecast: Government Expenditure (USD bn) 13,147.693 2029 yearly 2001 - 2029
Forecast: Government Net Debt (USD bn) 46,708.044 2029 yearly 2001 - 2029
Forecast: Government Revenue (USD bn) 11,006.807 2029 yearly 2001 - 2029
Government Debt: % of GDP (%) 122.3 Jun 2024 quarterly Mar 1969 - Jun 2024
National Government Debt (USD mn) 35,951,601.0 Oct 2024 monthly Jan 1969 - Oct 2024
Tax Revenue (USD mn) 523,014.000 Sep 2024 monthly Dec 1967 - Sep 2024
Consolidated Fiscal Balance (USD mn) 64,263.000 Sep 2024 monthly Oct 1980 - Sep 2024
Tax Revenue: % of GDP (%) 16.2 2023 yearly 1968 - 2023

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