United States biggest spender on military expenditure in 2018
According to latest data released by global think-tank Stockholm International Peace Research Institute (SIPRI), the total world military expenditure rose by 2.6% to $1,822 billion in 2018. As per new data, the United States is the world’s largest spender on defence in 2018, with a military expenditure almost equal to the next eight countries combined. China ($250 billion) has acquired 2nd position followed by Saudi Arabia ($67.6 billion), India ($66.5 billion) and France ($63.8 billion). The study found that the United States increased its military expenditure for the first time since 2010. China’s military spending rose for the 24th consecutive year.
Topics: Arms control • Countries • Geography of Asia • Military budget • Military budget of the Russian Federation • Saudi Arabia • Stockholm International Peace Research Institute • Weapons trade • Western Asia