You may want to read the content, not just the title. For example, this excerpt;
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Defence budgets in other countries also grew significantly, such as in Poland, which became the 15th largest defence spender globally in 2024, up from 20th place in 2022. Nonetheless, European growth remained outpaced by uplifts in Russia’s total military expenditure, which grew by 41.9% in real terms to reach an estimated RUB13.1trn (USD145.9bn).
In light of lower domestic input costs and the dominance of domestic production in Russia, it is useful to examine military spending in purchasing power parity (PPP) terms. In
purchasing power parity (PPP), Russian total military expenditure reached I$462bn in 2024, exceeding the total for Europe in USD at market exchange rates (MER). The prevalence of US defence materiel in European defence procurement makes conversions to PPP unsuitable. The higher PPP figure explains why Russia is able to fund more extensive military capabilities than MER-based estimates of Russian defence spending would indicate. Furthermore, this is the PPP conversion of total estimable military expenditure in Russia – it does not include the unquantifiable wider defence spending burden that has spread to regional governments, industry and families of personnel. Nonetheless, estimable Russian spending in 2024 still represented the equivalent of 6.7% of GDP – more than double the levels in the years prior to its 2022 full-scale invasion of Ukraine. Such spending and associated fiscal pressures are likely to continue into 2025, with identifiable defence spending estimated to reach 7.5% of GDP.
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Also, your link doesn't show for CCP China which has seen rapid growth percentage and PPP wise in their defense spending. (Many experts worry that CCP China is prepping for starting WWIII.)
A few other factors to consider is that the USA provides better pay and benefits to it's military members than relative to most other nations.
Also, most of the Research and Development - R&D - in new weapons and systems is paid for and done by the USA. Which we often share (no fee) with our allies, and which nations like CCP China steal and thereby reduce their R&D needs.
Then there are technology developments and advances also paid for out of the USA Defense Budget. GPS is a classic that was paid for, deployed, and maintained by the USA, yet the world gets to make use of it (you're welcome). Note though that there is a slight deviation on public GPS grid to restrict accuracy for foreign military applications.
See here for alternate number$;