Data Projects the U.S. Defense Budget to Continue its Growth
Retrieved on:
Tuesday, November 27, 2018
According to data compiled by Strategic Defence Intelligence, the U.S. spent over USD 639 Billion in 2018 for its defense budget.
Key Points:
- According to data compiled by Strategic Defence Intelligence, the U.S. spent over USD 639 Billion in 2018 for its defense budget.
- As a percentage of GDP, the U.S.'s defense expenditure is expected to be approximately 3.1% during the same period.
- While the United States holds the largest budget for defense technology, it is also the largest exporter of defense equipment in the world.
- Trump's position led the Department of Defense spending to grow by 9% in 2018 from the year prior, Blackrock said in a blog post.