5 Nations Account for 60 Percent of All Military Spending on the Planet
154 views · Published 11 May 2018 · 8:56 · Indexed 25 September 2026
Channel: World Action and Reaction News · 2018 · News & Politics
The nations with the five largest defense budgets last year accounted for 60 percent of global military spending according to a newly released study.This week, the Stockholm International Peace Research Institute (SIPRI) released its annual report on worldwide defense spending. Unsurprisingly, the United States led the way again with military expenditures of $610 billion, accounting for 35 percent of the worldwide total. China followed with $228 billion in estimated defense spending, or roughly 13 percent of global expenditures. They were followed by Saudi Arabia ($69.4 billion), Russia ($66.3 billion) and India ($63.4 billion).
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