US Military Spending: 2024
$968.4B
968.4 billion in constant 2023 US dollars (SIPRI)
$968.4B
Total Budget
3.4%
% of GDP
Biden
President
War on Terror / Ukraine / Red Sea
Active War
📊 Compared to 2023
▲ 5.7%Increase of $52.4B from $916.0B
💰 What $968B Could Have Bought Instead
Teachers' salaries (avg $65K)14,898,184
Affordable homes built3,873,528
Full college scholarships19,367,640
Years of healthcare for families34,585,071
Clean water systems for towns968,382
🏛️ Historical Context
In 2024, under President Biden, the United States spent approximately $968.4 billion on its military, representing 3.4% of GDP. The War on Terror / Ukraine / Red Sea was actively underway, driving elevated defense expenditures.