Top 10 Military Spending Countries: Due to the increasing conflict in the world, there is a huge increase in the global defense budget. Know which are the top 10 countries of the world in terms of military expenditure.
Due to the ongoing conflict between many countries in different regions of the world, the global military budget has increased. According to SIPRI, global military spending reached nearly $2 trillion in 2020. In such a situation, let us know about the top 10 countries of the world in terms of military expenditure.
America: The US Army is considered as the most powerful army in the world. This is the reason why America spends a large amount in the defense sector. America’s military spending in the year 2020 was $ 778 billion, which increased by six percent.
China: China has spent a large amount of money in the defense sector for the ongoing border conflict with India and to build its edge in the South China Sea. In the year 2020, China’s military expenditure stood at $ 252 billion. However, China’s military spending declined by 3.4 percent compared to 2019.
India: Due to the ongoing tension on the border with China and Pakistan, India has to spend a large amount of money for its defense. India’s military expenditure stood at $ 72.9 billion in the year 2020. A large amount of state-of-the-art weapons were purchased through this money.
Russia: Russia is engaged in modernizing its army in order to strengthen its hold in the Black Sea and the ongoing dispute with America. Russia’s military spending is $61.7 billion.
Britain: There has been a tremendous increase in Britain’s defense spending. British Army soldiers are stationed in different parts of the world. Britain’s military spending stood at $59.2 billion in 2020, an increase of 21.5 percent.
Saudi Arabia: Saudi Arabia is at the forefront of the countries that spend the most money on military spending in the Middle East. Due to the ongoing tension with Iran, Saudi Arabia continues to buy modern weapons. Saudi Arabia’s military spending in the year 2020 stood at $57.5 billion.
Germany: The European country Germany spent 52.8 billion dollars in the year 2020 to modernize its army and purchase weapons. There was an increase of 7.1 percent in its military expenditure.
France: Troops of European country France are stationed in many countries of Africa, where they are taking on terrorist organizations like Al-Shabaab and Al-Qaeda. This is the reason why France’s military expenditure was $52.7 billion.
Japan: Japan spent $ 49.1 billion in military to compete with China in the South China Sea. There was an increase of 3.1 percent in this.
South Korea: Due to the dispute with North Korea, South Korea has to spend a lot for its defense. Its direct impact can be seen on South Korea’s military spending. South Korea’s military spending stood at $45.7 billion.