US Military Spending: 2023
$916B
916.0 billion in 2024 inflation-adjusted dollars
$916.0B
Total Budget
—
% of GDP
Biden
President
None
Active War
📊 Compared to 2022
▲ 2.2%Increase of $19.9B from $896.1B
💰 What $916B Could Have Bought Instead
Teachers' salaries (avg $65K)14,092,538
Affordable homes built3,664,060
Full college scholarships18,320,300
Years of healthcare for families32,714,821
Clean water systems for towns916,015
🏛️ Historical Context
In 2023, under President Biden, the United States spent approximately $916.0 billion on its military. No major declared war was in progress.