us military budget as a percentage of gdp is 696 billion.
us military budget as a percentage of gdp is 696 billion.
us military budget as a percentage of gdp?
696 billion
in 2014, russia's military budget of 2.49 trillion rubles (worth approximately us$69.3 billion at 2014 exchange rates) was higher than any other european nation, and approximately 1/7th (14%) of the us military budget. however, a collapse in the value of the rouble greatly reduced the dollar-value of the planned 2015 russian military budget to us$52 billion, despite a 33% increase in its rouble-value to 3.3 trillion. due to the ongoing crisis the planned 33% increase had to be reduced to 25.6%, meaning the 2015 russian military budget totalled 3.1 trillion rubles. the originally planned 3.36 trillion budget for 2016 has also been reduced to a planned budget of 3.145 trillion rubles, an increase of only 0.8% over 2015.
military budget of the russian federation
the united states spends more on their defense budget than china, saudi arabia, russia, the united kingdom, india, france, and japan combined. the 2018 u.s. military budget accounts for approximately 36% of global arms spending (for comparison, u.s. gdp is only 24% of global gdp). the 2018 budget is approximately 2.5 times larger than the $250 billion military budget of china. the united states and its close allies are responsible for two-thirds to three-quarters of the world's military spending (of which, in turn, the u.s. is responsible for the majority). the us also maintains the largest number of military bases on foreign soil across the world. while there are no freestanding foreign bases permanently located in the united states, there are now around 800 u.s. bases in foreign countries. military spending makes up nearly 16% percent of entire federal spending and approximately half of discretionary spending. in a general sense discretionary spending (defense and non-defense spending) makes up one-third of the annual federal budget.
military budget of the united states