Wednesday, May 3, 2017

U.S. Military Spending Still Dwarfs What Russia And China Both Spend

Rob Garver, Fiscal Times: US Military Spending Still Makes China, Russia Look Small

For the decade that ended with 2016, the United States’ two major geopolitical rivals doubled their spending on defense, a new analysis from the Stockholm International Peace Research Institute shows. That only leaves them several hundred billion dollars per year behind what the US spends.

Between 2007 and 2016, China increased the amount it spends on defense each year by 118 percent, to $215 billion, and Russia over the same period increased its military spending by 87 percent to $69.2 billion, the SIPRI report states.

But as an indication of the extraordinary amount of money the U.S. pours into the Pentagon each year, they still spend less than half of what the Pentagon gets from U.S. taxpayers every year. In 2016, the US spent about $611 billion on defense, according to SIPRI estimates -- more than China, Russia, Saudi Arabia, France, the UK, Japan and Germany combined.

Read more ....

WNU Editor: The above graph is already obsolete .... the U.S. defence budget is going to go nowhere but up in the next 4 years of the Trump administration.


Anonymous said...

The US military. Only place on earth where your balls inflate because you spend more.

TWN said...

These articles never take into account the differences in cost of labour, if they did the percentages would change.The US and NATO pay top dollar for everything, less bang for the buck.

Anonymous said...

TWN is right. PPP spending is more accurate than nominal spending. A very large portion of US and NATO spending are for salaries which are nowhere near as high for China and other countries.