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===Budget=== {{Further|Military budget|List of countries by military expenditures|List of countries by past military expenditure|List of countries by military expenditure per capita}} {{Bar chart | title = Military budget 2021 {{small|(in USD billions)}} | caption = {{small|Source: [[Stockholm International Peace Research Institute|SIPRI]]<ref>{{Cite web|title=Stockholm International Peace Research Institute (2021)|url=https://sipri.org/sites/default/files/2021-04/fs_2104_milex_0.pdf |archive-url=https://ghostarchive.org/archive/20221010/https://sipri.org/sites/default/files/2021-04/fs_2104_milex_0.pdf |archive-date=2022-10-10 |url-status=live|access-date=2021-08-16|website=www.sipri.org|language=en-UK}}</ref>}} | label_type = {{small|Country}} | data_type = {{small|Military Budget}} | bar_width = 10 | width_units = em | data_max = 800 | float = right | label1 = {{flagicon|US}} United States | data1 = 778.0 | label2 = {{flagicon|China}} China | data2 = 252.0 | label3 = {{flagicon|India}} India | data3 = 72.9 | label4 = {{flagicon|Russia}} Russia | data4 = 61.7 | label5 = {{flagicon|UK}} United Kingdom | data5 = 59.2 | label6 = {{flagicon|Saudi Arabia}} Saudi Arabia | data6 = 57.5 | label7 = {{flagicon|Germany}} Germany | data7 = 52.8 | label8 = {{flagicon|France}} France | data8 = 52.7 | label9 = {{flagicon|Japan}} Japan | data9 = 49.1 | label10 = {{flagicon|South Korea}} South Korea | data10 = 45.7 | label11 = {{flagicon|Italy}} Italy | data11 = 28.9 | label12 = {{flagicon|Australia}} Australia | data12 = 27.5 | label13 = {{flagicon|Canada}} Canada | data13 = 22.8 | label14 = {{flagicon|Israel}} Israel | data14 = 21.7 | label15 = {{flagicon|Brazil}} Brazil | data15 = 19.7 }} [[Economics of defense|Defense economics]] is the financial and monetary efforts made to resource and sustain militaries, and to finance [[military operation]]s, including war. The process of allocating resources is conducted by determining a [[military budget]], which is administered by a military finance organization within the military. Military procurement is then authorized to purchase or contract provision of goods and services to the military, whether in peacetime at a permanent base, or in a combat zone from local population. <gallery mode="packed" widths="300"> File:Military Expenditures by Country 2019.svg|A pie chart showing global military expenditures by country for 2019, in US$ billions, according to SIPRI File:Military Expenditures as percent of GDP 2017.png|Map of military expenditures as a percentage of [[gross domestic product|GDP]] by country, 2017<ref>'''2017''' data from: {{cite web |url=http://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS|title=Military expenditure (% of GDP). Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.|website=[[World Bank]]|access-date=2019-03-08}}</ref>{{Update inline|date=July 2019}} File:U.S - China - Russia, Military Spending.svg|History of military budgets by country </gallery>
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