3 The cost of nuclear weapons

Beyond the direct impact of nuclear weapons on individuals, a further reason why many people oppose these weapons is their astronomical cost. In 2023, the nine nuclear-armed countries in the world spent a staggering $91 billion (USD) on nuclear weapons – or $173,884 every minute. At a time when many national governments are facing budgetary pressures, these sums spent on nuclear weapons represent billions of dollars of public funds that could otherwise be diverted to areas such as healthcare and education.

Table 1 The spending on nuclear weapons for the year 2023

Country Amount spent on nuclear weapons in 2023 (in USD)
United States $51.5 billion
China $11.9 billion
Russia $8.3 billion
United Kingdom $8.1 billion
France $6.1 billion
India $2.7 billion
Israel $1.1 billion
Pakistan $1 billion
North Korea $856 million
TOTAL $91.4 billion
(ICAN, 2024, p. 11)