But, as Visual Capitalist's Niccolo Conte details below, developing, exporting, and deploying military personnel and weaponry costs nations hundreds of billions every year. In 2021, global military spending reached $2.1 trillion, rising for its seventh year in a row.

Using data from the Stockholm International Peace Research Institute (SIPRI), this visualization shows which countries spent the most on their military in 2021, along with their overall share of global military spending.