MILITARY
World military expenditure
April 29, 2019 - Total world military expenditure rose to $1.822 trillion in 2018, an increase of 2.6 per cent from 2017, according to new data from the Stockholm International Peace Research Institute (SIPRI).
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The five biggest spenders in 2018 were the United States, China, Saudi Arabia, India and France, which together accounted for 60 per cent of global military spending -- over $1 trillion.
U.S. military spending grew by 4.6 per cent, to reach $649 billion in 2018. The U.S. remained by far the largest spender in the world and spent almost as much on its military in 2018 as the next eight largest-spending countries combined.
China, the second-largest spender in the world, increased its military expenditure by 5.0 per cent to $250 billion in 2018.