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In 2013, Russia moved up to the No. 3 slot as the largest defense spender. Saudi Arabia has been moving up the ranks in recent years. IBTimes
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The London-based International Institute for Strategic Studies (IISS) released its assessment of the world's military balance. It places Saudi Arabia much higher on the list than the IHS's estimate. The IISS's list of the top 15 defense spenders also ranks Israel higher and includes Iran. IISS
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By all estimates, including the one provided by the IHS on Tuesday, the U.S. continues to greatly outspend the rest of the world on defense. IBTimes
WNU Editor: The above graphs are from International Business Times.
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