Enquire Now

Blog Details

 Defence / IR

Total international military expenditure rose to $1981 billion last year, a rise of two.6 per cent in real terms from 2019, per new knowledge printed nowadays by the capital of Sweden International Peace analysis Institute (SIPRI)

·        The 5 biggest spenders in 2020, that along accounted for sixty two per cent of world military expenditure, were the u.  s., China, India, Russia and also the uk.

·        The 2.6 per cent increase in world military disbursement came in an exceedingly year once international gross domestic product (GDP) shrank by four.4 per cent (October 2020 projection by the International financial Fund), mostly thanks to the economic impacts of the Covid- nineteen pandemic.

·        In 2020 US military expenditure reached Associate in Nursing calculable $778 billion, representing a rise of four.4 per cent over 2019. because the world’s largest military spender, the USA accounted for thirty-nine per cent of total military expenditure in 2020.

Stockholm International Peace analysis Institute

·        This think factory is Associate in Nursing freelance international institute dedicated to analysis into conflict, armaments, restriction and demobilisation.

·        It was established in 1966 at capital of Sweden (Sweden).

·        It provides knowledge, analysis and suggestions, supported open sources, to policy manufacturers, researchers, media and also the interested public.

Share:

Comments