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Chart of the Day: US Military vs. the World

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer May 9, 2024
orange bar graph with USA having most military spending by far in 2022

Contents

Today’s Chart of the Day from Global X, with data provided by Stockholm International Peace Research, shows that the United States spends almost 2x more on military expenses than the total combined spending of China, Russia, India, and Saudi Arabia. Moreover, the combined spending of all the countries on earth is $2.24 trillion (of which 40% is made up by the United States) and has nearly doubled over the last 20 years. The presenter did note we are the only army in the world that can not only quickly project force to anywhere in the world, but also have the resources to participate in two major conflicts at the same time.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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