US, And Global, Military Spending Summed Up In One Chart

Submitted by Tyler Durden on 04/19/2014 17:36 -0400

• Gross Domestic Product
 
• President Obama

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While we previously noted the relative stability (but absolute surge) in US military spending over the past few decades, the scale of what the world's peace-keeping, red-line enforcing, hypocrisy-packed nation spends in context to the rest of the world...

Source: AFP

We previously put the US military budget in context over time...

And unless we get some serious military conflict to blame a reflation on, and if U.S. military spending were to revert to its 2000 level over the next five years, as President Obama had proposed, and the rest of the world were to continue spending the same portion of its GDP on the military, U.S. military spending as a share of the global total would decline sharply, to just under 30 percent.

Average: