US military spending accounted for 36% of total global military expenditure, nearly equal to the next eight biggest-spending countries combined
Stockholm — Global military expenditure reached its highest level in 2018 since the end of the Cold War, fuelled by increased spending in the US and China, the world's two biggest economies, a leading defence think-tank said on Monday.
US military spending rose 4.6% in 2018 to reach $649bn, leaving it still by far the world's biggest spender. It accounted for 36% of total global military expenditure, nearly equal to the following eight biggest-spending countries combined, Sipri said. With US President Donald Trump committed to strong national defence despite reducing US troops numbers in conflict zones such as Afghanistan, 2018 marked the first increase in US military spending since 2010, Sipri said. His defence spending request to Congress in 2019 is the largest to date in dollar terms before adjustment for inflation.
Sipri data showed military spending equalled 1.2% of GDP in Germany — Europe's largest economy — in 2018, based on GDP estimates for 2018 from the International Monetary Fund.
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