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List of countries by military expenditures

This article is a list of countries by military expenditure, the amount spent on defense by a nation in a given year. Military expenditure figures are presented in US$ at either constant or current exchange rates, the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next. Currently, the world's five largest military spenders (United States, China, Russia, the United Kingdom and France) are recognized to be world powers with each being a veto-wielding permanent member of the United Nations Security Council.