It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

US military budget GDP

page: 1
0

log in

join
share:

posted on Feb, 7 2018 @ 12:58 PM
link   
How much does the US really spend on its military budget, all components of military and defence?

I see forbe citing that it is 3% of GDP

Is that accurate?

Surely it is massively more than that?




posted on Feb, 7 2018 @ 01:26 PM
link   
a reply to: TritonTaranis

It was 8.4% in 1960, but was down to 3.3% in 2016.

data.worldbank.org...
edit on 2/7/2018 by Zaphod58 because: (no reason given)



posted on Feb, 7 2018 @ 03:13 PM
link   

originally posted by: Zaphod58
a reply to: TritonTaranis

It was 8.4% in 1960, but was down to 3.3% in 2016.

data.worldbank.org...


IIRC, it was around 11% when Eisenhower made his infamous comment on the MIC, back in the 50's.



posted on Feb, 7 2018 @ 04:36 PM
link   
66% anyone!



According to the National Priorities Project, the 2015 budget for the military was $598 billion, which represented 54% of all federal discretionary spending. That number didn’t include over $100 billion in veterans spending and $26 billion for nuclear weapons, bringing the total to about $730 billion. 2015 total discretionary spending was $1.1 trillion,so including nuke spending and veterans spending, spending on the military represented 63% of the total. In other words two-thirds of your tax bill! XX Image credit: National Priorities Project chart

link



posted on Feb, 7 2018 @ 04:38 PM
link   
a reply to: glend

GDP, not the budget? They are entirely different.



posted on Feb, 7 2018 @ 04:41 PM
link   
a reply to: glend

That's 63% of spending, not of GDP. In 2015, the US GDP was 18,120.71B.

tradingeconomics.com...
edit on 2/7/2018 by Zaphod58 because: (no reason given)



posted on Feb, 7 2018 @ 04:49 PM
link   
a reply to: Blaine91555

Yes , so sorry misread first post.



posted on Feb, 7 2018 @ 04:57 PM
link   

originally posted by: TritonTaranis
How much does the US really spend on its military budget, all components of military and defence?

I see forbe citing that it is 3% of GDP

Is that accurate?

Surely it is massively more than that?


if u want to know where our money is spent look at social programs. its enormous compared to say the 60's. orders of magnitude larger



posted on Mar, 22 2018 @ 05:02 PM
link   
The US is still top dog.

List of countries by military expenditures...

en.wikipedia.org...




top topics



 
0

log in

join