BIGGEST Defense Budgets Set!

Research institute says world military expenditure in 2017 reached highest level since Cold War end, at $1.739 trillion.

Global military spending rose last year to its highest level since the Cold War, with the United States, China, Saudi Arabia and Pakistan topping the list, according to a Swedish-based research institute.

In a report published on Wednesday, the Stockholm International Peace Research Institute (SIPRI) estimated that world military expenditure totalled $1.73tn in 2017, up 1.1 percent the year before.

The US remained the world’s largest spender with $610bn, unchanged year-on-year. The US accounted for 35 percent of global military expenditures, more than the next seven highest-spending countries combined.

Its defence budget is also expected to increase significantly this year.

China, in second place, was estimated to have spent $228bn, and according to SIPRI accounted for the largest absolute increase in spending: $12bn as measured in constant 2016 prices.

The defence think-tank said it estimated that China’s share of global spending had doubled since 2008 to 13 percent.

Saudi Arabia replaced Russia in third place, spending $69.4bn in 2017.

 


DEFENSYS GROUP LTD:  An international marketing and project management consulting firm with its headquarters in London, United Kingdom.  Defensys Group’s focus is to assist international companies to penetrate new markets by providing local administrative, logistics and business cultural awareness consulting and project management services.  Defensys Group is a duly licensed and authorized security and defense consulting firm.  All information provided on this site is considered copy written and protected by IP law and ICC:  www.DefensysGroup.com
@DefensysGroup #defensys #defensysgroup #marketing #pakistan #saudiarabia #vietnam #aviation #aerospace #defense #defence #military #nationalsecurity #homelanddefense #consulting #aerospaceconsulting #technology #technologyconsulting #defenseconsulting #projectmanagement #projectmanagementconsulting #aerospacemarketing #businessdevelopment #asia #middleeast #usmilitary #pakistanmilitary #pakistandefense #saudiarabiamilitary #SaudiArabiaDefense #vietnamdefense #vietnammilitary #vietnamdefence #mergers #maritimesystems #publicrelations #crisismanagement #branding


Leave a Reply