The World’s Costliest Militaries

Russian soldiers, whose military ranks No. 5 globally by spending, practice their marching technique on Palace Square in St. Petersburg last week. Reuters

The World’s 10 Costliest Militaries -- Market Watch

NEW YORK (24/7 Wall St.) — America is the arms merchant to the world and is likely to sell $50 billion in weapons this year. Business may not be as good in the near term, however.

Military spending among all countries totaled $1.63 trillion last year, but that was up just 1.3% from the year before. Spending includes weapons, soldiers and the cost of maintaining a country’s military infrastructure.

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My Comment: No surprises .... but it is a good summary on what the top countries in the world are spending on their militaries.