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Defense spending
Defense spending is $994B and has been rising over the last 3 months. That is near the top of its range: higher than 100% of readings since 2016.
Latest (latest reading)
$994B
As of
Oct 2026
3-month change
+$32B
1-year change
+$81B
20-year percentile
100th
20-year median
$744B
What it is. Military and national defense, last 12 months. Note: the latest update failed, so this shows the last good data.
What it affects next
Defense spending is rising: $994B (+$32B in 3 months, 100th percentile of the last 20 years). Here is what has tended to follow, based on links the data backs up.
No tested downstream links to trace yet.
What is driving it
None of its tested drivers is moving much right now.
Source: Treasury Monthly Treasury Statement.