Here is SIPRI’s data-rich synopsis of global military expenditures for 2019. This year’s key findings include that 1) global military expenditure is estimated to have risen to 1,917 billion USD in 2019, the highest level since 1988 and an increase of 3.6 per cent in real terms from 2018; 2) world military spending rose in each of the last five years, having decreased steadily from 2011 until 2014; 3) US military spending grew by 5.3 per cent to 732 billion USD; 4) there were also increases in military spending by China (5.1 per cent), India (6.8 per cent) and Russia (4.5 per cent); 5) spending fell in Saudi Arabia by 16 per cent, and more.
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Author Nan Tian, Alexandra Kuimova, Diego Lopes da Silva, Pieter Wezeman, Siemon Wezeman
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