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Worldwide Military Spending Grew 2.6% in 2020 Despite 4.4% COVID-led Decrease in Global GDP Our Bureau 372 Even as global GDP dropped by 4.4% owing to the coronavirus pandemic last year, the world continued decade-long trend of buying more weapons. As per a report compiled by Stockholm International Peace Research Institute (SIPRI), worldwide military spending last year rose 2.6% compared to 2019 figures, reaching $1.981 trillion. The United States ($778 billion or ~39% of global total), China ($252 billion), India ($72.9 billion), Russia ($61.7 billion), and the United Kingdom ($59.2 billion) are named among those nations with the largest military budgets. Military expenditure by the top 15 countries reached $1.603 trillion in 2020 and accounted for 81% of global military spending. There were some changes in the composition and rank order of the top 15 between 2019 and 2020. Most notably, Israel entered the top 15 in place of Turkey, and the U.K. moved above Saudi Arabia whos

United statesUnited kingdomSaudi arabiaSouth koreaOur bureauStockholm international peace research instituteAtlantic treaty organizationChina ministry of national defenseWorldwide military spending grewMilitary spending grewNational defenseNorth atlantic treaty organizationஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்சவுதி அரேபியாதெற்கு கொரியா