Global Defense Spending Hit $1.917 Trillion In 2019. Biggest Spike In A Decade

The #USA🇺🇸 remained by far the largest spender in the world in 2019, spending $732 billion and accounting for 38% of global military spending. The USA spent almost as much on its #military in 2019 as the next 10 highest spenders combined.

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— SIPRI (@SIPRIorg) April 27, 2020

Defense News: Global defense spending sees biggest spike in a decade

WASHINGTON — Global defense spending hit $1.917 trillion in 2019, a 3.6 percent increase over previous year figures and the largest increase in one year since 2010, according to the annual report by the Stockholm International Peace Research Institute.

The United States remains the world’s largest defense spender in 2019, with its $732 billion representing 38 percent of global military spending, SIPRI has reported. That was followed by China ($261 billion, at 14 percent of global total), India ($71.1 billion, at 3.7 percent), Russia ($65.1 billion, at 3.4 percent) and Saudi Arabia ($61.9 billion, at 3.2 percent).

All told, the top five nations accounted for 62 percent of overall military spending.

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WNU Editor: I am not sure about this .... Global Arms Spending Is Rising, but COVID-19 Will Trim Budgets (The Economist). What I see is a lot of instability because of Covid-19, and even bigger defense budgets in the future.

Update: The rise in defense spending in India is what caught my eye .... In a first, India among top 3 military spenders in 2019: SIPRI report (Money Control).

More News On Global Defense Spending Hitting $1.917 Trillion In 2019

Global defense spending sees biggest spike in a decade -- Defense News
Military spending surged to US$1.9 trillion in 2019, biggest increase in a decade -- SCMP/AFP
US still world's biggest military spender as global expenditures approach $2 trillion -- Stars and Stripes
Cold War Foes U.S., Russia, Spark Biggest Military Spending Jump In A Decade -- RFE
Annual global military spending hits highest point in a decade – SIPRI -- RT
Global military expenditure sees largest annual increase in a decade, reaching USD1917 billion in 2019 -- Army Recognition
By the numbers: Military spending around the world -- Axios
The Biggest Military Budgets As A Share Of GDP In 2019 [Infographic] -- Forbes
China and India Top Asian Military Spending, Figure in World Top 3 With US -- The diplomat
Russia Returns to Top 5 Defense Spending Countries Worldwide – Think Tank -- Moscow Times
SIPRI: Germany significantly increases military spending -- DW
Military spending hits highest level in a decade: Study -- Al Jazeera