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Historical US Military Budget and GDP Data
Government & Civic Records
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About
A detailed collection tracking key US macroeconomic factors and military expenditure spanning six decades, from 1960 through 2020. This data details the total amount the United States spent on its military each year, alongside corresponding national GDP and population estimates. This resource provides insight into the scale and evolution of the US defense budget and its relation to broader economic growth and demographic shifts.
Columns
- Year: The calendar year corresponding to the entry. This ranges from 1960 to 2020.
- DefenseBudget: The total amount spent on the US military during that year, measured in Billions USD. Values range from approximately $47.4$ Billion USD to $778$ Billion USD.
- GDP: The estimated US Gross Domestic Product for that year, measured in Billions USD. Values range from approximately $543$ Billion USD up to $21.4$ Trillion USD.
- Population: The population estimate for the US in that year, recorded in millions of people. Estimates range from $181$ million to $331$ million.
Distribution
The dataset is typically provided as a flat file, such as a CSV (specifically noted as MilitarySpending.csv), weighing approximately $1.74$ kB. The structure consists of four distinct columns and features $61$ valid rows or records, covering the period continuously from 1960 to 2020. There are no mismatched or missing values recorded within the entries.
Usage
This dataset is ideal for:
- Conducting historical analysis of US fiscal priorities and defense policy.
- Modelling the relationship between military expenditure and national economic output (GDP).
- Performing time series analysis on US population growth and its connection to defense spending trends.
- Educational purposes, particularly for introductory studies in economics, political science, and history.
Coverage
The data focuses exclusively on the United States (geographic scope). The time range spans $61$ years, beginning in 1960 and ending in 2020. The population figures provide demographic context across this period. The data is expected to be updated annually.
License
CC0: Public Domain
Who Can Use It
- Economists and Researchers: To study fiscal multiplier effects or perform econometric modelling using defense spending as a key variable.
- Data Beginners: The clear, structured, and manageable size (61 records) makes it suitable for learning data manipulation and initial statistical reporting.
- Policy Analysts: To track historical allocations of federal budgets toward defense.
- Historians: To correlate military spending levels with major geopolitical events.
Dataset Name Suggestions
- US Defense Spending and Macro Indicators (1960–2020)
- Historical US Military Budget and GDP Data
- Macroeconomic Factors and US Defense Budget Since 1960
- Annual US Military Spending Figures (1960–2020)
Attributes
Original Data Source: Historical US Military Budget and GDP Data
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