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Global Defense Spending Conitnues To Increase
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IISS: Global defence spending: the United States widens the gap
In 2019, the United States remained by far the world’s largest defence spender, widening the gap between it and the second largest spender, China. US investments in weapons procurement and R&D alone were larger than China’s total defence budget. The United States’ defence investments in weapons procurement and R&D were also worth around four times as much as European states’ combined.
IISS data shows that in 2019 the United States, China, Saudi Arabia, Russia and India retained their positions as the world’s top defence spenders. Indeed, the only movement in the top 15 saw Italy and Australia swap places, with Italy taking the 12th position and Australia the 13th (Figure 1).
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More News On Global Defense Spending
Biggest jump in world defence spending in 10 years: Study -- CNA/AFP
US, China lead global increase in defense spending -- DW
Global defence spending is on the rise in an unstable world -- BBC
Global Annual Military Spending Sees Biggest Hike in 10 Years Amid US-China Arms Race -- Sputnik
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