Global military spending tops $2 trillion

Military expenditure surpassed $2 trillion for the first time in 2021, and is likely to rise further as anxious European nations look to strengthen their armed forces against the threat of Russian expansionism


SHARE OF GLOBAL MILITARY EXPENDITURE, 2021 ($billions)
   
World military spending, 2021 
$2,113 billion

Israel
1.2% $24.3

Iran
1.2% $24.6

Canada 
1.3% $26.4

Australia 
1.5% $31.8

Italy
1.5% $32.0

South Korea 
2.4% $50.2

Japan
2.6% $54.1

Saudi Arabia 
2.6% $55.6

Germany 
2.7% $56.0

France 
2.7% $56.6

Russia 
3.1% $65.9

United Kingdom 
3.2% $68.4

India 
3.6% $76.6

China 
14% $293.0

United States 
38% $801.0

Others
19% $396.5
            
      
Russia’s war in Ukraine is boosting military spending in Europe. 
Below: Bombed city of Mariupol


1 trillion = 1,000 billion


Sources: Bloomberg, SIPRI 
Picture: Getty Images 
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