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Monday, April 19, 2021

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

Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is CEOWORLD magazine's Chief Executive and Editorial Director. 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 every day. CEOWORLD magazine is known internationally for its editorial excellence, independent, quality research, in-depth analysis, and collaborations with people and partners from around the globe. He currently sits on the company’s board of directors and global management committee.

Prof. Dr. Amarendra Bhushan Dhiraj holds a Ph.D. in Banking and Finance from European Global School in France; a Doctoral Degree in Chartered Accountancy from European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He received his Master of Business Administration degree in Finance and Banking and his Master's Degree In Chartered Accountancy from European Global School Paris. He also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. He is committed to lifelong learning. Dr. Amarendra is a Visiting Professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

You can follow Prof. Dr. Amarendra Bhushan Dhiraj on Twitter, Facebook, and LinkedIn.
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