April 27, 2020

Global Military Expenditure Sees Largest Annual Increase In A Decade

Total global military expenditure rose to $1917 billion in 2019, according to new data from the Stockholm International Peace Research Institute (SIPRI). The total for 2019 represents an increase of 3.6 per cent from 2018 and the largest annual growth in spending since 2010. The five largest spenders in 2019, which accounted for 62 per cent of expenditure, were the United States, China, India, Russia and Saudi Arabia. This is the first time that two Asian states have featured among the top three military spenders. The comprehensive annual update of the SIPRI Military Expenditure Database is accessible from today at . . .

[ Editor: Has U.S. military spending made us safer?]


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