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United States of America:

Heading the list is the United States - the country's military spending grew by 5.3 per cent to a total spend of USD 732 billion. This is nearly the total amount that the top ten combined have spent. The US also accounts for 38 per cent of the global spend. This is also the second year of growth in spending, as the country saw a 22 per cent decline in spending between 2010 and 2017. The growth in expenditure, as per researchers off SIPRI, is due to perceived return to competition between the great powers. However, the country’s military spend remains 15 per cent lower than its peak in 2010. The country’s military burden is 3.4 per cent of the GDP, as opposed to 4.9 per cent in 2010.  Image credit: Image by Military_Material from Pixabay

World's top 10 biggest military spenders: SIPRI

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: