Which two countries fuelled the rise in global military spending?

Question

Accepted Answer

The United States and China Fueled the Rise in Global Military Spending

Global military expenditure reached its highest point since the Cold War's conclusion last year, primarily driven by increased spending from the United States and China. In 2018, total worldwide military spending amounted to US$1.82 trillion, marking a 2.6 per cent increase from the previous year. This figure represents the highest recorded level since 1988.
United States Spending Increased Significantly

US military spending saw a rise of 4.6 per cent in the past year, reaching US$649 billion. This increase signifies the first rise in American military expenditure since 2010, with new arms procurement programs implemented under the Trump administration from 2017 being a key driver. The United States accounted for 36 per cent of the total global military expenditure.
China Recorded a Substantial Rise in Expenditure

China, the second-largest spender, experienced a 5.0 per cent increase in its military expenditure, totalling US$250 billion last year. This marks the 24th consecutive year of annual growth in China's defence spending. Together, the United States and China represented half of the world's total military spending in 2018.
Other Major Spenders Identified

Beyond the top two, other significant military spenders in declining order were Saudi Arabia, India, France, Russia, Britain, Germany, Japan, and South Korea. Saudi Arabia was noted as the largest per capita spender on defence. Military expenditure by all 29 NATO members collectively constituted just over half of the global spending.

Reading history

Hide →

This history is cleared when the page is closed.

Which two countries fuelled the rise in global military spending?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends