STOCKHOLM, (BM) – Military spending in the US in 2019 increased by 5.3% to $ 732 billion, according to a report by the Stockholm Peace Research Institute (SIPRI), learned BulgarianMilitary.com.
According to the report in 2019, military spending of all countries of the world amounted to $ 1.92 trillion, which is 3.6% more than a year earlier.
Read more: The US and Germany Will Pay Equally for NATO’s Collective Budget
The first place in terms of military spending is occupied by the United States of America. Over the year, the United States began to spend 5.3% more on defense needs. Their share in world military spending is 38.13%.
In second place after the United States, China is almost three times behind. His military spending amounted to $ 261 billion, showing an increase over the year of 5.1%. China’s share of global spending was 13.59%.
India took the third place in 2019 with an expenditure of $ 71 billion. It showed the fastest growth since 2018 in the top three – 6.8%. India’s share of world military spending was 3.7%.
Russia took fourth place, military spending in the country amounted to $ 65.1 billion, and growth over the year – 4.5%. The Russian share in global spending is 3.39%.
Saudi Arabia closed the top five, which is the only TOP-5 to reduce its spending over the year by 16%. In 2019, it spent $ 61.9 billion on defense, which amounted to 3.22% of the world.
In addition, Ukraine in 2019 again increased the growth of defense spending: compared with 2018, they grew by 9.3% and amounted to $ 5.2 billion.
Read more: India cuts military budget due to coronavirus pandemic
Recall, the Stockholm Peace Research Institute (SIPRI) is considered one of the most authoritative sources of information on international military spending.
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