What is the issue ?
- The five biggest spenders in 2017 were the United States, China, Saudi Arabia, Russia and India, which together accounted for 60 per cent of global military spending according to a report released by Stockholm International Peace Research Institute.
Important take-aways from the report :
- Global military expenditure was $1739 billion in 2017, an increase of 1.1 per cent in real terms on 2016.
- Total military spending accounted for 2.2 per cent of global gross domestic product in 2017.
- The five biggest spenders in 2017 were the United States, China, Saudi Arabia, Russia and India, which together accounted for 60 per cent of global military spending.
- Military expenditure by the USA was unchanged in 2017, at $610 billion. China increased its military spending by 5.6 per cent, Saudi Arabia by 9.2 per cent and India by 5.5 per cent, while Russia’s spending fell by 20 per cent.
- Military expenditure increased in sub-Saharan Africa, South America, Central and South Asia, East Asia and Central and Western Europe.
- The total military expenditure of the countries in the Middle East for which data is available also increased.
- Military spending decreased in North Africa, Central America and the Caribbean, Oceania and Eastern Europe.
- Military expenditure remained unchanged in North America and South East Asia.
About Stockholm International Peace Research Institute (SIPRI) :
- SIPRI is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament.
- Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public.