As per data released by the Stockholm International Peace Research Institute (SIPRI), with a total expenditure of USD 71 billion in 2019, India is now the third biggest military spender in the world. With China at the second spot, this is also the first time that two Asian countries have figured in the top 3.
According to SIPRI, the total global military expenditure rose to USD 1917 billion in 2019 - this is 3.6 percent higher than 2018 figures. Further, global expenditure on military in 2019 accounted for 2.2 percent of the GDP, as per the report – this equates to approximately USD 249 per person.
We take a look at the top 10 military spenders: