The Biggest Five: Here’s The Breakdown Of Which Country Spent The Most On Their Military, 2017?
It’s no surprise that the biggest five military spenders in 2017, were the United States, China, Saudi Arabia, Russia, and India — together accounting for 60 percent of total global defence spending, according to a global arms spending report by SIPRI. Across the globe, military spending was estimated at $1.73 trillion.
Dominated by the United State and China, which spent $610 billion and $228 billion last year respectively – the list of the biggest military spenders in the world has remained largely consistent in recent years. India’s defence spending rose by 5.5% to $63.9 billion in 2017 and has now passed France.
The Biggest Five: Here’s The Breakdown Of Which Country Spent The Most On Their Military, 2017?
1. United States: $610 billion
2. China: $228 billion
3. Saudi Arabia: $69 billion
4. Russia: $66 billion
5. India: $64 billion
6. France: $58 billion
7. UK: $47 billion
8. Japan: $45 billion
9. Germany: $44 billion
10. South Korea: $39 billion
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz