Spending on the military,1988-2012 The end of the Cold War resulted in a temporary slackening of military spending for NATO nations and Russia. Since the turn of the 21st century, the United States has begun to pump more money into defense — driven in part by the wars in Iraq and Afghanistan — dwarfing Russia’s steady buildup.IN MILLIONS OF 2014 U.S. DOLLARS United States 5.7% 4.4% 4.0% 2.5% 3.6% 2.3% France Germany Italy USSR/Russia Ukraine(for comparison) Britain TOP FIVE NATO MEMBER NATIONS $577,395 1988 $392,026 1998 $23,852 1998 2010 $746,064 2012 $692,682 $60,311 $61,926 $72,478 $64,813 $70,789 $50,350 $39,413 $36,992 $384,300 $93,877 2.9% 1.4% 2.3% 1.7% 15.8% 4.4% MILITARY SPENDING AS A SHARE OF GROSS DOMESTIC PRODUCT $5,038

SOURCE: Stockholm International Peace Research Institute.