They each account for just 0.2% of the world’s military budgets in 2022, and of course there are many countries with even smaller spends. Add in the UK to the mix (#6 rank), and these countries all had military expenditures that made up at least 3% of global spend.Ĭomparatively, the lowest budgets on the top 40 ranged include Romania at $5.2 billion, Denmark at $5.5 billion, and Chile at $5.6 billion. Russia, India and Saudi Arabia round out the top five biggest military budgets in 2022. dollars: RankĬhina, ranked second in absolute terms, accounts for another 13% of world military expenditure at $292 billion. Here are the top 40 largest military budgets in the world for 2022 in U.S. The United States accounts for almost 40% of global military expenditures, with its 2022 spend coming to $877 billion. This post looks at the top 40 largest military budgets in the world. In 2022, global military budgets hit an all-time high of $2.2 trillion, according to data released by Stockholm International Peace Research Institute ( SIPRI), the eighth consecutive year of increase. The top spenders have continued to increase their military capabilities, while war in Ukraine has caused countries in the region to re-evaluate their budgets as well. When adjusted for inflation, the military budget over those four years of war came to a staggering $4.1 trillion in 2020 dollars.Īlmost 80 years later, modern day military spending isn’t much of a far cry from World War II budgets. spent about 38% of its GDP on its military. In the final year of World War II, the U.S. Mapped: World’s Top 40 Largest Military Budgets Jimmy Carter, 39th President of the U.S.Įditor’s note: This article has been updated to better reflect U.S. Different people, different beliefs, different yearnings, different hopes, different dreams. We become not a melting pot but a beautiful mosaic. This information can be used to better understand existing income and wealth gaps, track public health outcomes, and to aid in policy decision-making at higher levels. population by race is crucial for a number of reasons. While it’s not a state, its inhabitants are all considered U.S. Looking to another island, an overwhelming majority (98%) of Puerto Ricans are of Hispanic origins. It also has one of the most diverse racial breakdowns in the nation overall, including the highest proportion of mixed race individuals. Of all the 50 states, Hawaii is home to the largest share of Asian populations at 39%. Note: A dash (-) indicates estimates with relative standard errors greater than 30%, which were not included in the data In contrast, Black populations are highest in the District of Columbia (45%) and several Southern states. In the Northeast-particularly the states Maine, Vermont, and New Hampshire-the Non-Hispanic White population accounts for 90% or more of the total. Of course, racial diversity in the United States differs widely from region to region. In fact, it was only from 1960 onwards that people could select their own race-and only from 2020 can those who chose White or Black provide further information on their roots. Census has been vastly expanded to reflect the true diversity that the country holds. Interestingly, the proportion of those from multiple racial and ethnic backgrounds will more than double, from 2.3% to 4.9% alongside rising patterns of interracial marriage. Both proportions remain unchanged in these projections.
*Excludes Hispanics **Other includes American Indian/Alaska Native (0.7%) and Native Hawaiian/Pacific Islander (0.2%). By the year 2060, it’s expected that the distribution of Non-Hispanic Whites as a percentage of total population will fall from 60.1% to 44.3% of Americans. However, these race and ethnicity projections are expected to change over the coming years.
In this treemap, we use data for 2019 from the Kaiser Family Foundation, which bases its analysis on the latest American Community Survey (ACS) data from the U.S. The American population is a unique mosaic of cultures-and almost 40% of people identify as racial or ethnic minorities today.
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