Military spending, also known as a defense budget, is the amount of financial resources dedicated by an entity (most often a nation or a state), to raising and maintaining an armed forces. Military budgets often reflect how much an entity perceives the likelihood of threats against it, or the amount of aggression it wishes to employ.
As of 2005 the United States is estimated to have military expenditures of about 4.06% of its GDP. The United States ranks 23 in its military expenditures as a percentage of GDP.
Studies suggest that high military spending as a percentage of GDP and of total government spending is directly associated to the corruption in a country. Higher levels of corruption tends to promote higher military spending as a percentage of GDP.
The United States ranks 1 in total sum of money spent in its military forces. The the world share of military expenditure of the United States is 41%, China is 8.2%, Russia is 4.1%, United Kingdom is 3.6% and France is 3.6%.
The United States and much of Western Europe have recently trimmed their military spending because of budget constraints. This promoted a worldwide cut in military spending which had been growing for about 13 years. Few countries like Russia and China are maintaining or increasing their military spending despite worldwide cuts.
The total known land area occupied by U.S. bases and facilities is 15,654 square miles. This area is bigger than D.C., Massachusetts, and New Jersey combined.
The cost of the Manhattan Project (through August 1945) was of $20,000,000,000 dollars.The United States spent about $46 billion from 1940 to 1975 on operations related to both nuclear weapons and energy projects.
The State Department paid $15,300,000 to Japan following fallout from the 1954 "Bravo" nuclear test. The United States has spent more than $1.6 billion dollars to compensate victims of nuclear tests.
More than $2,000,000,000 in currency was stored until 1988 by the Federal Reserve at its Mount Pony facility for use after the event of a nuclear war. Between 1950 and 1990 the possibility of a nuclear war became the most feared outcome the Cold War could create.
There is a decline in total number of war veterans as soldiers from World War II and Korea die. However, the government expects to be spending $59 billion a year to compensate injured warriors in 25 years, up from today's $29 billion
Despite the decrease in military expenditure as a percentage of GDP since World War II, the current defense spending is higher than at any time since World War II - including, Vietnam, the Korean War and the height of the Cold War during the Reagan Administration.
Total estimated spending on nuclear weapons and related programs in fiscal year 2008 was of at least $52.4 billion. There is, however, debate about whether the numbers reported by the government about military spending is accurate.