Largest military budgets. The core work of the military expenditure project is to collect analyse process and publish data on military expenditure worldwide and to monitor and analyse trends in military expenditure over time looking at their economic political and security drivers and their implications for global peace security and development. But theres a catch. The arms industry also known as the defense industry or the arms trade is a global industry responsible for the manufacturing and sales of weapons and military technologyit consists of a commercial industry involved in the research and development engineering production and servicing of military material equipment and facilities.
Military spending amounted to 611 billion us. Outpaces all other nations in military expenditures. In other countries especially those where military spending was on the rise military budgets were dependent on a number of factors.
Global defense spending has increased for the first time since 2011 according to the latest report from sipri. The military are there to protect their country from harm. Arms producing companies also referred to as arms.
The united states is leading the statistics. List by the international institute for strategic studies top 15 defence budgets 2017. China has the largest standing army in the world followed by india and the united states.
A countrys economy for example often mirrors military. This means that countries need armies and guns and they also tend to go to war with each other. The statistic shows the us.
The world in which we live in is not perfect. In total countries around the world splurged 168 trillion on arms in 2016 a 04. List by the stockholm international peace research institute 2018 fact sheet for 2017 sipri military expenditure database.
Military spending in the years 2000 to 2016. In 2016 the us.