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The US and China spent the most on their military in 2021, accounting for 52% of the total global defense expenditure, according to a new SIPRI report. Russia also saw a spending jump ahead of its invasion of Ukraine.
ANKARA - Global military expenditure reached an all-time high of over USD2 trillion in 2021, according to an international survey released Monday. Total military spending rose 0.7 percent from the previous year and reached USD2.113 trillion, the Stockholm International Peace Research Institute (SIPRI) said. It said the global military burden, or world military expenditure as a share of world gross domestic product (GDP), fell by 0.1 percentage point from 2.3 percent in 2020 to 2.2 percent in 2021. The five largest spenders in 2021 were the US, China, India, the UK and Russia, together accounti...
U.S., China account for over half of global military expenditures
Worldwide military spending hit an all-time high of nearly $2 trillion in 2021. Worldwide military spending hit an all-time high of nearly $2 trillion in 2021, one international study revealed.
The diversification of product lines in the Russian weapons industry has had an impact on arms sales.