Defence spending
Source-reported annual official defence budget/appropriation in current US dollars; it is a budget figure, not an assertion of final expenditure or readiness. Explicit 2026 economic-table year column; USD 1.01trn. The table was compiled in the November 2025 IISS assessment; this annual figure is an assessment/estimate and does not assert a final audited outturn. Source coverage/fiscal-year notes: [b] National Defense Budget Function (50) Budget Authority. Includes DoD funding, as well as funds for nuclear weapons- related activities undertaken by the Department of Energy. Excludes some military retirement and healthcare costs. 2025 figure does not include supplemental funding for Ukraine or Israel. The explicit 2026 column is forward-looking relative to the November 2025 assessment and is retained as a forecast, not an observed final outturn.