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Relative Size of US Military Spending, 1940--2003
The graphs and tables below depict the history of the relative size
of US military spending. Relative size is measured here in two ways:
Please note that
In the graph and table below, the measure of the size of the economy used is
GDP
(gross domestic product). US military spending is reported as a percentage of US GDP.
Data source
The data were taken from reference [1].
Fiscal Year | Military spending as percent of GDP |
1940 | 1.7 |
1941 | 5.6 |
1942 | 17.8 |
1943 | 37.0 |
1944 | 37.8 |
1945 | 37.5 |
1946 | 19.2 |
1947 | 5.5 |
1948 | 3.5 |
1949 | 4.8 |
1950 | 5.0 |
1951 | 7.4 |
1952 | 13.2 |
1953 | 14.2 |
1954 | 13.1 |
1955 | 10.8 |
1956 | 10.0 |
1957 | 10.1 |
1958 | 10.2 |
1959 | 10.0 |
1960 | 9.3 |
1961 | 9.4 |
1962 | 9.2 |
1963 | 8.9 |
1964 | 8.5 |
1965 | 7.4 |
1966 | 7.7 |
1967 | 8.8 |
1968 | 9.4 |
1969 | 8.7 |
1970 | 8.1 |
1971 | 7.3 |
1972 | 6.7 |
1973 | 5.8 |
1974 | 5.5 |
1975 | 5.5 |
1976 | 5.2 |
1977 | 4.9 |
1978 | 4.7 |
1979 | 4.6 |
1980 | 4.9 |
1981 | 5.1 |
1982 | 5.7 |
1983 | 6.1 |
1984 | 5.9 |
1985 | 6.1 |
1986 | 6.2 |
1987 | 6.1 |
1988 | 5.8 |
1989 | 5.6 |
1990 | 5.2 |
1991 | 4.6 |
1992 | 4.8 |
1993 | 4.4 |
1994 | 4.0 |
1995 | 3.7 |
1996 | 3.5 |
1997 | 3.3 |
1998 | 3.1 |
1999 | 3.0 |
2000 | 3.0 |
2001 | 3.0 |
2002 | 3.4 |
2003 | 3.7 |
Data source
The data in Table 1 are the same as those in Graph 1 and are
also taken from reference [1].
In the graph and table below, US military spending is reported as a
percentage of discretionary outlays.
(Technical note: total military spending data used here is restricted
to discretionary spending, unlike that used in the comparison
with GDP above. The two amounts are very close, however.)
Data source
The data were taken from reference [2].
Fiscal Year |
Military spending as percent
of discretionary spending |
1962 | 72.9 |
1963 | 71.3 |
1964 | 69.5 |
1965 | 65.6 |
1966 | 65.4 |
1967 | 67.6 |
1968 | 69.6 |
1969 | 70.5 |
1970 | 68.1 |
1971 | 64.5 |
1972 | 61.7 |
1973 | 59.1 |
1974 | 58.4 |
1975 | 55.5 |
1976 | 51.2 |
1977 | 49.5 |
1978 | 47.8 |
1979 | 48.7 |
1980 | 48.7 |
1981 | 51.3 |
1982 | 57.0 |
1983 | 59.4 |
1984 | 60.1 |
1985 | 60.9 |
1986 | 62.4 |
1987 | 63.6 |
1988 | 62.6 |
1989 | 62.2 |
1990 | 60.0 |
1991 | 59.9 |
1992 | 56.7 |
1993 | 54.2 |
1994 | 52.1 |
1995 | 50.2 |
1996 | 49.9 |
1997 | 49.6 |
1998 | 48.9 |
1999 | 48.2 |
2000 | 48.0 |
2001 | 47.1 |
2002 | 47.5 |
2003 | 49.0 |
Data source
The data in Table 2 are the same as those in Graph 2 and are
also taken from reference [2].
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