Global military spending saw largest increase in decade in 2019; China, India in top 3: Study
4 years, 8 months ago

Global military spending saw largest increase in decade in 2019; China, India in top 3: Study

India TV News  

Global military expenditure at 3.6 per cent saw its largest annual spike in a decade in 2019 with China and India being the second- and third-largest spenders after the US, a Stockholm-based think-tank said on Monday, the first time the two Asian giants were among the top three countries spending more on armaments. The total global military expenditure rose to USD 1,917 billion in 2019, representing an annual growth of 3.6 per cent compared to 2018, according to a new report by the Stockholm International Peace Research Institute. The total global military expenditure in 2019 represents an increase of 3.6 per cent from 2018 and the largest annual growth in spending since 2010, it said. "Global military expenditure was 7.2 per cent higher in 2019 than it was in 2010, showing a trend that military spending growth has accelerated in recent years," said Dr Nan Tian, SIPRI Researcher.

Global India Europe Growth China Military Russia Spending Billion Cent 2019 Increase Largest Usd Expenditure Military Spending Sipri Global Military Spending Largest Increase  decade  expenditure  india  cent  spending  global  largest  study  military  usd  increase  2019  growth  saw  china  billion

History of this topic

Budget 2025: Is it high time to hike India's military spending?
2 days, 1 hour ago

Budget 2025: Is it high time to hike India's military spending?

India Today  

From the Russia-Ukraine war and the Israel-Hamas conflict to the Bangladesh instability and Afghanistan-Pakistan tensions, global peace is in short supply. With conflicts reaching Indian borders, the question arises: is it time to raise the defence budget, which has consistently been below 2.5 per cent of the country’s gross domestic product? For the first time since 2009, military expenditure went …

Japan approves record defence budget with plans to become 3rd highest spender: Where does India stand?
2 weeks ago

Japan approves record defence budget with plans to become 3rd highest spender: Where does India stand?

India TV News  

Japan has decided to increase its defence budget to as high as 8.7 trillion yen in 2025. Under the new defence strategy, Tokyo plans to eventually double its annual military spending to around 10 trillion yen, making it the world's No.3 military spender after the United States and China. Understanding Japan's new defence strategy Japan prepares to deploy US-made Tomahawks …

US: A Global Perspective on Economic Indicators
2 months ago

US: A Global Perspective on Economic Indicators

Al Jazeera  

The article provides an overview of the US's economic, demographic, healthcare, education, and military spending compared to other countries. The US is the largest economy in the world, with a high GDP per capita and a significant military budget. However, the country also faces challenges such as an ageing population, high healthcare costs, and educational disparities.

How countries rank by military spending
4 months, 1 week ago

How countries rank by military spending

Live Mint  

TO ASSESS THE state of international affairs, a good rule of thumb is to follow the flow of money or weapons. Some of the biggest increases came from America’s NATO allies in Europe after a long period of low spending. This makes defence budgets comparable with America’s: pay is adjusted for wage differences and operating costs for general price levels. …

How much is each NATO country spending on its military in 2024?
5 months, 4 weeks ago

How much is each NATO country spending on its military in 2024?

Al Jazeera  

The 32 members of the world’s most powerful military alliance will spend $1.47 trillion this year. On Wednesday, the world’s most powerful military alliance formally declared Ukraine was on an “irreversible” path to NATO membership and pledged to provide Kyiv with at least $43bn in military aid. In 2006, the alliance’s defence ministers agreed to commit a minimum of 2 …

Germany becomes NATO's 2nd-largest defense spender
6 months, 2 weeks ago

Germany becomes NATO's 2nd-largest defense spender

China Daily  

By JULIAN SHEA in London | China Daily Global | Updated: 2024-06-21 09:14 The flag of NATO. Newly published figures show that Germany is the second-largest spender on defense among the 32 member states of the NATO military alliance. This year, defense expenditure in Germany is set to reach $97.7 billion, surpassing the $82.1 billion spent by the United Kingdom, …

Global military spending climbed 7% in 2023 amid conflicts, think-tank SIPRI says
8 months, 2 weeks ago

Global military spending climbed 7% in 2023 amid conflicts, think-tank SIPRI says

Hindustan Times  

Global military expenditure grew 7% to $2.43 trillion in 2023, the steepest annual rise since 2009 as international peace and security deteriorated, a leading think-tank said on Monday, Arms being transferred to Ukraine by United States. Nan Tian, senior researcher at SIPRI's Military Expenditure and Arms Production Programme, said: "States are prioritising military strength but they risk an action–reaction spiral …

India 4th largest military spender in 2023, says new Sipri report
8 months, 2 weeks ago

India 4th largest military spender in 2023, says new Sipri report

Hindustan Times  

NEW DELHI: India was the fourth largest military spender in the world in 2023 with an expenditure of $83.6 billion after the United States, China and Russia, the Stockholm International Peace Research Institute said in a report published on Monday. Pokhran: Indian military personnel during the Exercise Bharat Shakti, in Pokhran, Rajasthan, in March India’s spending was 4.2% higher than …

Global defence budget: How much India, Pakistan and China spend on military? Top 10 list
8 months, 2 weeks ago

Global defence budget: How much India, Pakistan and China spend on military? Top 10 list

Hindustan Times  

Global military spending reached $2,443 billion in 2023, marking a significant 6.8 per cent increase from the previous year and the most significant year-on-year rise since 2009, according to new data from the Stockholm International Peace Research Institute. SIPRI report on global military spending | Key points • In 2023, total military expenditure accounted for 2.3 per cent of the …

War, fear of war spur global military spending to new record: SIPRI report
8 months, 2 weeks ago

War, fear of war spur global military spending to new record: SIPRI report

Al Jazeera  

New high of $2.4 trillion is the ninth straight annual increase, suggesting the trend will continue, research institute says. Last year, Russia increased military spending by 24 percent to 6.9 percent of its GDP and 16 percent of all government spending. Its 2024 budget plans an even bigger increase – 70 percent on defence and security spending – to $157bn, …

New Delhi 4th biggest defence spender, Moscow jumps to 3rd spot as Ukraine war drags on
1 year, 8 months ago

New Delhi 4th biggest defence spender, Moscow jumps to 3rd spot as Ukraine war drags on

Firstpost  

Just like India, China has also increased its military expenditure, as it remains the world’s second largest spender. The SIPRI report suggests that China allocated around $292 billion in 2022, and its military expenditure has now increased for 28 consecutive years New Delhi: The Stockholm International Peace Research Institute has revealed that India’s military expenditure rose by 6 per cent …

Ukraine war spurs record global spending on military, Stockholm think tank says
1 year, 8 months ago

Ukraine war spurs record global spending on military, Stockholm think tank says

The Hindu  

Global military spending rose to a record last year as Russia's war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago, a leading conflict and armaments think tank said on Monday. Ukraine's military spending rose 640% in 2022, the largest annual increase recorded in SIPRI data going back …

World military spending reaches all-time high of $2.24 trillion
1 year, 8 months ago

World military spending reaches all-time high of $2.24 trillion

Al Jazeera  

Surge in spending reflects Russia-Ukraine war and ‘increasingly insecure world’, according to leading think tank. World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fuelled a sharp jump in military spending across Europe, according to a leading defence think tank. “While the full-scale invasion of Ukraine in February 2022 certainly affected military …

China expands defense budget 7.2%, marking slight increase
1 year, 10 months ago

China expands defense budget 7.2%, marking slight increase

Associated Press  

China on Sunday announced a 7.2% increase in its defense budget for the coming year, up slightly from last year’s 7.1% rate of increase. In his report Sunday to the annual session of China’s rubber-stamp parliament, Premier Li Keqiang said that over the past year, “We remained committed to the Party’s absolute leadership over the people’s armed forces.” “The people’s …

Japan OKs new budget incl. hefty arms cost to deter China
1 year, 10 months ago

Japan OKs new budget incl. hefty arms cost to deter China

Associated Press  

TOKYO — The lower house of Parliament approved Tuesday a budget for the coming fiscal year that includes a record 6.8 trillion yen in defense spending, part of Japan’s effort to fortify its military as China’s influence in the region grows. “The improvement of childcare has been neglected for more than 10 years,” Chinami Nishimura, a lawmaker with the opposition …

Tomahawks part of Japan's record defense spending next year
2 years ago

Tomahawks part of Japan's record defense spending next year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan's defense spending will jump …

Japan unveils record defence budget amid regional security fears
2 years ago

Japan unveils record defence budget amid regional security fears

Al Jazeera  

The cabinet’s nod for a 20-percent rise in military spending is a deviation from pacifist post-WWII self-defence policy. Japan will boost its defence budget for 2023 to a record 6.8 trillion yen, or a 20-percent increase, in the face of regional security concerns and threats posed by China and North Korea. Prime Minister Fumio Kishida’s cabinet approved the budget on …

Japan Approves Biggest Military Build-Up Since World War II To Counter Growing Threats From China: Report
2 years ago

Japan Approves Biggest Military Build-Up Since World War II To Counter Growing Threats From China: Report

ABP News  

Japan has approved its largest military buildup since World War II, declaring that China posed the "greatest strategic challenge ever" and laying out plans for a counter-strike capability supported by record defence spending, The Guardian reported. Japan will also obtain new weapons capable of striking enemy sites 1,000 kilometres away with land or sea-launched missiles, a move that some feel …

India\'s military spending 3rd highest in world after US, China: Reports
2 years, 8 months ago

India\'s military spending 3rd highest in world after US, China: Reports

Deccan Chronicle  

Stockholm : World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute said on Monday, adding that the top three largest spenders were the United States, China and India. US military spending reached USD 801 billion in 2021, a drop of 1.4 per cent from 2020, the statement said. India's military …

Taiwan holds its breath as China ramps up firepower
2 years, 9 months ago

Taiwan holds its breath as China ramps up firepower

The Telegraph  

Xi Jinping proudly surveyed the rows of troops, tanks and missiles assembled in the centre of Beijing to mark the 70th anniversary of the People’s Republic of China. The Chinese president then drove through displays of tanks and ballistic missiles, inspecting his forces in the country’s largest ever military parade. Last Friday, US president Joe Biden told leaders of Nato …

China’s Defence Spending Hides More Than It Reveals; Outstrips Combined Expenses of India, Japan
2 years, 9 months ago

China’s Defence Spending Hides More Than It Reveals; Outstrips Combined Expenses of India, Japan

News 18  

The People’s Republic of China’s annual National People’s Congress ended last week. The People’s Liberation Army’s defence spending has increased by at least 6.6 per cent every year since the past three decades, and its defence expenditure has increased nearly six-fold in the past two decades. However, China is not the only country to hide its defence expenditure, as India …

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets
2 years, 10 months ago

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets

Firstpost  

Russia’s invasion of Ukraine has prompted many countries to hike their defence budgets. Romania: President Klaus Iohannis said that his country would push defence spending to 2.5 per cent of GDP, from the current 2 per cent mark. China: Beijing too has increased its defence spending in 2022 by 7.1 per cent to $229 billion, up from a 6.8 per …

China to raise defense spending by 7.1% to $229 billion
2 years, 10 months ago

China to raise defense spending by 7.1% to $229 billion

Associated Press  

BEIJING — China on Saturday announced a 7.1% increase in defense spending in 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the U.S. armed forces’ dominance in the Indo-Pacific region. During a meeting between Xi and Russian President Vladimir Putin in Beijing early last month, Xi endorsed Russia’s objections to further …

China says military spending to grow 7.1 percent in 2022
2 years, 10 months ago

China says military spending to grow 7.1 percent in 2022

Deccan Chronicle  

BEIJING: China's military budget -- the second-largest in the world after the United States -- is set to increase by 7.1 percent in 2022, Beijing announced on Saturday. During a speech opening the annual session of China's rubber-stamp parliament, Li said Beijing would "enhance military training and combat readiness, stay firm and flexible in carrying out military struggle, and safeguard …

China boosts defence spending to $209 billion, over three times that of India
3 years, 10 months ago

China boosts defence spending to $209 billion, over three times that of India

Firstpost  

Beijing: China on Friday hiked its defence budget for the first time to more than US $200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 percent increase in 2021. This year’s planned defence spending will be about 1.35 trillion yuan, state-run Xinhua news agency reported, adding that …

China hikes defence budget to USD 209 billion, 6.8 per cent increase
3 years, 10 months ago

China hikes defence budget to USD 209 billion, 6.8 per cent increase

India TV News  

China on Friday hiked its defence budget to USD 209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021. China’s annual defence budget maintains a single-digit growth for a sixth consecutive year, state-run Xinhua news agency reported. China's defence budget is about one quarter of the US figure, which is USD …

Budget 2021: Small increase in defense spending even as China standoff simmers
3 years, 11 months ago

Budget 2021: Small increase in defense spending even as China standoff simmers

Live Mint  

India increased its defense spending by about 1%, throwing the timing of its military modernization program into doubt while it faces a protracted standoff with China along their disputed Himalayan border. India’s expenditure is about a quarter that of China’s -- in May 2020, Beijing announced a yearly defense budget $178.6 billion, according to data from the Center for Strategic …

Union Budget 2021: Higher spending for defence sector expected
3 years, 11 months ago

Union Budget 2021: Higher spending for defence sector expected

India Today  

Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021-22 to provide relief to the country, ravaged by the coronavirus pandemic, and also generously focuses on defence amid the rising tensions with China. Follow Budget 2021 Live Updates As tensions with China continue to escalate, in the wake of the violent standoff in Ladakh with China back in June 2020 …

Japan Cabinet OKs more defense funds amid potential threats
4 years ago

Japan Cabinet OKs more defense funds amid potential threats

Associated Press  

TOKYO — Japan’s Cabinet approved a ninth straight increase in the nation’s defense budget as the government bolsters funding to develop longer-range cruise missiles and stealth fighters to counter potential threats from China and North Korea. A large chunk of the budget plan goes to reinforce Japan’s missile capability, including 33.5 billion yen to develop extended-range anti-ship missiles that can …

China's Military Lays Out Technology Roadmap to Catch Up with the US by 2027: Report
4 years, 1 month ago

China's Military Lays Out Technology Roadmap to Catch Up with the US by 2027: Report

News 18  

China must apply cutting-edge technologies such as artificial intelligence if it wants to transform its military into a modern fighting force on a par with those of other leading powers, according to new guidelines and comments from President Xi Jinping and other officials. Recent key conclave of the ruling Communist Party of China has finalised plans to build a fully …

China hikes defence budget to USD 179 billion, nearly three times that of India
4 years, 7 months ago

China hikes defence budget to USD 179 billion, nearly three times that of India

India TV News  

China, the second-largest military spender after the US, has hiked its defence budget from last year's 177.6 billion to USD 179 billion, nearly three times that of India, the lowest increment in recent years apparently due to the heavy disruption caused to its economy by the COVID-19, according to the official media. China''s this year's defence budget will be around …

defence spending of India, Pakistan and China
5 years, 3 months ago

defence spending of India, Pakistan and China

Op India  

Usually, defence budgets are seen in a very restricted fashion. 1965 Indo-Pak War In 1963 and 1964, Pakistan’s defence spending was $0.74 bn and $0.83 bn respectively. 1971 Indo-Pak War Pakistan’s military spending during 1965-1970 again saw a rise; it reached $1.561 bn in 1970 seeing a 16% growth. Each war till the 1990s that Pakistan imposed on India had …

Budget 2019: Military modernisation likely to take backseat amid tight finances
5 years, 6 months ago

Budget 2019: Military modernisation likely to take backseat amid tight finances

India Today  

India is likely to stick to a modest rise in defence spending in the 2019/2020 budget due on Friday because of tight government finances, officials said, further delaying a long-planned military modernisation programme. But these plans have been on hold for years because governments have not been able to set aside large sums and most of the defence expenditure goes …

China hikes defence budget by 7.5 percent to $177.61 billion; country second highest spender in world
5 years, 10 months ago

China hikes defence budget by 7.5 percent to $177.61 billion; country second highest spender in world

Firstpost  

China, the world’s second largest military spender after the US, Tuesday announced a 7.5 percent increase in its defence budget for this year, hiking it to a whopping $177.61 billion, over three times that of India. Beijing: China, the world’s second largest military spender after the US, Tuesday announced a 7.5 percent increase in its defence budget for this year, …

Discover Related