How Can We Judge the Size of Military Spending?


To judge the size of military spending, we can start by comparing it to the growth of the world economy.

Although the world economy has been way ahead, I suspect we’ve reversed the trend.

Military Spending

The World Economy

During the past 30 years, the world economy grew by 180% while military spending increased 120%. Looking more closely though, we would see that 80% of all military spending came from 15 nations and the regions varied. With Europe and China spending more, the Americas pretty much plateaued.

Below, You can see a recent rise in European military spending:world military spending

Dominated by the United States, spending was concentrated among 15 nations:

world military spending U.S. share

The United States

U.S. defense spending is at a new high. Although from 2024 to 2025, our spending did dip because of the Ukraine cutback. But then, the FY 2027 $1.5 trillion defense allocation was a whopper of a surge. According to the Center For Strategic & International Studies, that $1.5 trillion is close to a 40% uptick from 2026 when adjusted for inflation. Record breaking, it exceeded World War II defense spending peaks.

Our Bottom Line: The U.S. Budget

Remaining with the United States, in addition to history, we can judge defense through a federal budget lens. Becoming an increasingly larger slice of U.S. spending, in FY 2020 it was 10% while by 2027, the defense piece of the budget pie climbed to an 18% slice. And Iran was not even included.

Correspondingly, the increase in military spending has outpaced economic growth. With military spending a 3% piece of the GDP from 2022 to 2026, for FY 2027 its projection is 3.7%.

So, whether we judge defense spending by comparing it to economic growth, by contrasting what different nations spend on defense, or by looking at history, it always returns us to tradeoffs. Remembering that “Choosing is refusing,” spending more on defense, we have less for safety net programs, disaster response, and medical research.

My sources and more: Thanks to Timothy Taylor’s Conversable Economist for alerting me to the SIPRI study on military spending. From there, we went to the SIPRI (Stockholm International Peace Research Institute) paper, to CSIS, and to the CRFB blog update on the U.S. military.

Please note that our featured image is the Eurocopter Tiger, an attack helicopter that can add $73 million to a defense budget if you buy only one that is fully equipped. Also, I’ve interchanged defense and military as synonyms.

The post How Can We Judge the Size of Military Spending? appeared first on Econlife.



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Google is experimenting with a new policy restricting the amount of free storage provided to some accounts. New Google accounts (including new Gmail accounts) created in certain regions will be limited to 5GB of free storage when they’re first set up. That’s only one-third of the amount of storage that has been typically offered. There is a way of increasing the amount of free storage you get when setting up a new account, though: you can unlock it by linking your phone number.

When approached for comment by Android Authority, a Google spokesperson confirmed that the new policy was being tested to “help us continue to provide a high-quality storage service to our users, while encouraging users to improve their account security and data recovery.” The statement didn’t clarify which regions the policy is being tested in, nor for how long the testing period will last.

Notably, a Google One Help support page about account storage has been updated to state that each Google account contains “up to 15 GB of storage”, as noted by 9to5Google. Previously, the page didn’t say “up to”; it simply stated that accounts come with 15 GB of storage. So far, the experiment doesn’t appear to stretch to pre-existing accounts.

Per a screenshot shared by Reddit user Sungusungu on R/DeGoogle (a subreddit dedicated to finding alternatives to Google services and products) Google is collecting phone numbers to make sure that the full 15 GB of storage is only redeemed once per person. Of course, that’s easily evaded by using a burner phone to set up multiple accounts, should you want to. The pop-up directs users to a webpage to learn more about storage management. However, at the time of writing, the link redirects to the help center landing page instead.

How to link your Google account with a phone number

If you’re in the process of setting up a new Google account in an impacted region, then you might be prompted with the option of unlocking an extra 10 GB of storage using your phone number via a simple pop-up menu. If so, you can go ahead and follow those steps. However, if you want to link your phone number with a pre-existing Google account, then here’s what you need to do. Using your computer, you need to:

  1. Open your browser and head to myaccount.google.com, then navigate to “Security and sign in” on the left-hand toolbar. This should open a list of security options.

  2. Select “Use your phone to sign in” and then “Set it up”. 

  3. Add a phone number using the “Recovery phone” option.

  4. Follow the on-screen steps to verify your number and finish linking it to your account.

Your options might look a little different if you already have a recovery number set up with your account.

Alternatively, you can connect a phone number to your Google account from your Android device, iPhone, or iPad. Much like on a computer, you connect your number by adding it as a recovery phone. First, head over to myaccount.google.com. Then select “Personal info”, followed by “Phone”. From there, you should be able to add or edit your phone number by navigating to the “Recovery phone” section.





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