Global military spending reached almost $1.7 trillion in 2015, marking a year-on-year increase for the first time since 2011, according to the Stockholm International Peace Research Institute, which tracks arms expenditure around the world.
The United States remained far and away the top spender, which despite a dip from 2014, accounted for more than a third of total global spending. It was followed by China and then, perhaps surprisingly, Saudi Arabia, which supplanted Russia in third place. (The figure for China in the chart below is based on a SIPRI estimate.)
Part of this splurge can be attributed to Saudi Arabia’s entanglement in a costly war in Yemen, which has raged for more than a year now. Since 2006, Saudi annual military spending has nearly doubled. That figure is roughly the same, too, for Russia.
You've reached your daily free article limit.
Subscribe and support our veteran writing staff to continue reading.
Global military spending reached almost $1.7 trillion in 2015, marking a year-on-year increase for the first time since 2011, according to the Stockholm International Peace Research Institute, which tracks arms expenditure around the world.
The United States remained far and away the top spender, which despite a dip from 2014, accounted for more than a third of total global spending. It was followed by China and then, perhaps surprisingly, Saudi Arabia, which supplanted Russia in third place. (The figure for China in the chart below is based on a SIPRI estimate.)
Part of this splurge can be attributed to Saudi Arabia’s entanglement in a costly war in Yemen, which has raged for more than a year now. Since 2006, Saudi annual military spending has nearly doubled. That figure is roughly the same, too, for Russia.
Read More- Washington Post
Image courtesy of AP
Can China’s New Fujian Super Carrier Rival the USS Ford?
US Navy Ramps Up Virginia-Class Submarine Production
Former US Army Soldier Sentenced To 14 Years in Prison For Attempting to Aid ISIS
Former Delta Operator Geo Hand Takes Over The Cellblock
North Korea Shuts Down Unification, Demolishes Inter-Korean Roads
Join SOFREP for insider access and analysis.
TRY 14 DAYS FREEAlready a subscriber? Log In
COMMENTS
You must become a subscriber or login to view or post comments on this article.