Military Spending by Country in 2023: 5 Largest Defense Budgets

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1. United States of America

Latest Defense Budget Estimate: $886 billion

The U.S. is the largest country in terms of defense spending and has occupied this title for years. America is the world’s only superpower, and in fact, is history’s first hyperpower. In military terms, America has thousands of fighter jets, nearly a dozen aircraft carriers, dozens of submarines, and thousands of nuclear warheads.

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