Uneveling Global Defense Expenditure : $ 2443 Billion, A surge of 6.8% as of 2022
Stockholm International Peace Research Institute SIPRI published it's report. Defense Expenditure Stands at $ 2334, 6.8% rise is reported. US Expenditure is more than Combined Expenditure of top......
Recently, Stockholm International Peace Research Institute SIPRI has revealed the list of Global Military Investments. And the figures will surely Shock You — According to reports, the military spend of the United States alone is more than the combined military expenditure of the top 9 Countries by $ 33 billion — isn't it Interesting.
The Combined Military Expenditure of the top 9 Countries including China, Russia, India, Saudi Arabia, United Kingdom, Germany, Ukraine, France and Japan is estimated to be around $ 884 Billion while the Expenditure of United States on Defence is $ 916 Billon — which is $ 33 billion More.
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Statement of Senior Researchers
The Senior Researcher with SIPRI’s Military Expenditure and Arms Production Programme, Nan Tian Said, " The unprecedented rise in military spending is a direct response to the global deterioration in peace and security. States are prioritizing military strength but they risk an action–reaction spiral in the increasingly volatile geopolitical and security landscape."
US and China Constitute 49.6% of Total Military.....
The United States comes first in the ranking whose Estimates Defense Expenditure is $ 916 Billion, followed by China whose Military Investments are $ 296 Billion. One fact is that the Combined Defense Investment of US or China is approximately 49.6% of Global Defense Investments. US and China Constitute 37.49% and 12.11% of global Defense Expenditure. According to the Research of Sipri, the Global Defense Investments Stands at $ 2443 Billion or $ 2.4 Trillion, a surge of 6.8% is reported as of last year 2022.
China, Russia and India
China comes second in the list with a military expenditure of $296 billion, a jump of 6% compared to last year.In the list Next is Russia which is on Number 3rd with an Defense Expenditure of $ 109 Billion, a rise of 24% in seen as of last year 2022. $ 109 Billion is 1.7% of its Total GDP. India the Fourth Largest Military Spender Country Invested $ 83.4 Billion ( ₹ 6.9 lakh Crores ), a surge of 6% is seen as of 2021, Invested 2.4% of its GDP.
Economic Hardship of Ukraine
Russia-Ukraine war has been going on continuously since last 2 years, even though the effect of Ukraine war is not visible on Russia. However, the Hardship of the ongoing war is clearly visible on Ukraine, you will be surprised to know that Ukraine is spending 37% of its total GDP in Military Defense Expenditure. Ukraine's total GDP is approximately $ +150 Billion and its defense expenditure is $64.8 Billion. Or with this Ukraine is ranked 8th in the list of Global Defense Military Expenditure.
NATO constitute 55% of the Global Military Expenditure
Talking about North Atlantic Treaty Organization NATO's Defense Investments in 2023 will be $ 1341 Billion, which is 55% of Global Military Defense Investments. NATO includes 30 European Countries or 2 North American Countries.
Pakistan's investment in Defense Diminished
Pakistan is facing a lot of economic crisis, and we can clearly Observe the impact on its Military Expenditure, Pakistan's Military Expenditure is $8.3, a decrease of $ 13 Billion is reported because of Economic Hardship. With this Pakistan holds 30th of Billion in the list.
Uneveling the Estimated Defense Expenditure of Top 10 Nations
- United States = $ 916 Billon
- China = $ 296 Billion
- Russia = $ 109 Billion
- India = $ 83.6 Billion
- Saudi Arabia = $ 75.8 Billion
- United Kingdom = $ 74.9 Billion
- Germany = $ 66.8 Billion
- Ukraine = $ 64.8 Billion
- France = $ 61.3 Billion
- Japan = $ 50.32 Billion
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