In 2018, world military spending increased by 2.6% compared with the 2017- to $ 1.8 trillion. In particular, Ukraine has allocated for military spending 21% more than the previous year, and Russia out of the top 5 ranking out.
The authors of the report of the Stockholm international Institute for peace studies (SIPRI) noted that the funding for the military sector increased for the second year in a row. Last year’s expenditure amounted to 2.1% of global gross domestic product (GDP), or $ 239 per person, reports “Interfax-Ukraine”.
Top 5 countries who most spent on the army in 2018:
- United States
- Saudi Arabia
Of all the world’s military spending in these five countries accounted for 60%. Although it is more appropriate to allocate the US and China because together, their share of world expenditure is 50%. In 2018, States the first increased funding for the military sector in 2010. But in China this is going on since 1995, that is the 24th consecutive year.
How much the country spent on defence in 2018:
USA – $649 billion (+4,6%)
China – $250 billion (+5%)
South Korea – $201,1 billion (+5.1 percent)
India – $66.5 billion (+3.1 percent)
Russian Federation – $61.4 billion (-3,5%)
Turkey – $19 billion (-24%)
Poland – $11.6 billion (+8.9 percent)
Pakistan – $11.4 billion (+11%)
Ukraine – $4.8 billion (+21%)
Increased military spending in Bulgaria, Latvia, Lithuania, and Romania from 18 to 24% in South America by 3.1%. But in African countries such as Algeria, Angola and Sudan, funding to the military gutted by 6.1%, 18% and 49%, respectively.
Saudi Arabia though has not departed from the rating, but its cost is reduced by as much as $ 4.6 billion.
Military spending of NATO countries in total amounted to 963 billion, equivalent to 53% of the world’s spending.