Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019, according to new data published today by the Stockholm International Peace Research Institute (SIPRI), APA reports citing Sipri.
The five biggest spenders in 2020, which together accounted for 62 per cent of global military expenditure, were the United States, China, India, Russia and the United Kingdom.
Military spending by China grew for the 26th consecutive year.
Even though military spending rose globally, some countries explicitly reallocated part of their planned military spending to pandemic response, such as Chile and South Korea. Several others, including Brazil and Russia, spent considerably less than their initial military budgets for 2020.
In 2020 US military expenditure reached an estimated $778 billion, representing an increase of 4.4 per cent over 2019. As the world’s largest military spender, the USA accounted for 39 per cent of total military expenditure in 2020. This was the third consecutive year of growth in US military spending, following seven years of continuous reductions.
China’s military expenditure, the second highest in the world, is estimated to have totalled $252 billion in 2020. This represents an increase of 1.9 per cent over 2019 and 76 per cent over the decade 2011–20. China’s spending has risen for 26 consecutive years, the longest series of uninterrupted increases by any country in the SIPRI Military Expenditure Database.
Nearly all members of the North Atlantic Treaty Organization (NATO) saw their military burden rise in 2020. As a result, 12 NATO members spent 2 per cent or more of their GDP on their militaries, the Alliance’s guideline spending target, compared with 9 members in 2019. France, for example, the 8th biggest spender globally, passed the 2 per cent threshold for the first time since 2009.
Russia’s military expenditure increased by 2.5 per cent in 2020 to reach $61.7 billion. This was the second consecutive year of growth. Nevertheless, Russia’s actual military spending in 2020 was 6.6 per cent lower than its initial military budget, a larger shortfall than in previous years.
With a total of $59.2 billion, the UK became the fifth largest spender in 2020. The UK’s military spending was 2.9 per cent higher than in 2019, but 4.2 per cent lower than in 2011. Germany increased its spending by 5.2 per cent to $52.8 billion, making it the seventh largest spender in 2020. Germany’s military expenditure was 28 per cent higher than in 2011. Military spending across Europe rose by 4.0 per cent in 2020.
In addition to China, India ($72.9 billion), Japan ($49.1 billion), South Korea ($45.7 billion) and Australia ($27.5 billion) were the largest military spenders in the Asia and Oceania region. All four countries increased their military spending between 2019 and 2020 and over the decade 2011–20.
Source: Azeri-Press News Agency