C-Suite Advisory

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

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.