Global Military Spending: Which country spent the most on its military last year?

US military spending in 2016 topped that of China, Russia, Saudi Arabia, India, France, UK, Japan, Germany and South Korea combined 

Global military spending in 2016 totalled $1.69 trillion, according to the SIPRI.

The top 10 countries accounted for 73 percent of this total, they were: The USA, China, Russia, Saudi Arabia, India, France, UK, Japan, Germany and South Korea.

US military spending surpassed that of the other top eight countries combined, with the rest of making up only 27 percent of the figure.

Note EU Digest: This is scandalous with so many people living in poverty around the world. Bottom line: use of weapons creates only more chaos and disaster.

Read more: Which country spent the most on its military last year? | Euronews

Weapons Industry: Global arms sales in 2015 reached €348 billion with US share €225.47 or 80% of total reports SIPRI

Global weapons industry sales reached  €348 billion in 2015

Arms sales went on a downward slide last year, falling by 0.6 percent compared to 2014, according to the latest analysis on the global arms industry by the Stockholm International Peace Research Institute (SIPRI).

The trade had been experiencing a downward trend since 2011, but the reduction in arms sales last year showed that the pace of decline had slowed.

Despite the decrease, arms sales for the world's top 100 companies in 2015 reached $370.7 billion (348 billion euros), the think tank said in its study, indicating that the sinking numbers were no sign that the world was getting more peaceful.

"It [arms sales] has decreased, but it is still over a third higher than it used to be in the early 2000s," Aude Fleurant, director of the SIPRI arms and military expenditure program, told DW. "It is slowing down, possibly indicating a reversal of the trend since 2010. So it is difficult to say at this stage …

There are contradictory trends all over the world and it is difficult to identify a clear trend so far," she added.

US firms remain on top of the arms sales industry.

Companies based in the US dominated the arms business, with total sales amounting to $209.7 billion (€225.47 Billion) , or more than 80 percent of the total arms business in the world. Lockheed Martin maintained its position as the largest arms producer on the planet.

EU-Digest

Military Industry: China and Russia catch up with USA in rearms race

World spending on defense for the first time in 15 years fell by $1.75 trillion in 2012, which marked a 0.5-percent reduction in comparison with 2011, according to the Stockholm International Peace Research Institute (SIPRI). The share of the U.S. has fallen below the level of 40 percent for the first time since the collapse of the Soviet Union. Russia and China entered the top three of the countries that increased their military spending. 

The research of the institute is based on public expenditure on the maintenance of armed forces, namely, military exercises, salary or remuneration for troops, as well as other employee benefits, operating costs, procurement of weapons and equipment, military construction, research and development works, administrative costs, etc. The total military spending of the world in 2012 in comparable prices made up 1.753 trillion dollars, which was 2.5 per cent of global GDP.

The Institute has also published the list of 15 countries with largest military budgets. The first place still belongs to the United States with its 682 billion dollars, accounting for 4.4 percent of GDP. The second place is taken by China with $166 billion (2 percent of GDP), and the third place - by the Russian Federation with $90.7 billion (4.4 per cent). The statistics on the U.S. is official. Then comes the United Kingdom - $60.8 (2.5) and Japan - $59.3 (1.0). The top five accounts for 60 percent of world military spending - 1.06 trillion dollars.

Fifteen heavyweights close the list (in billions of dollars): France (58.9), Saudi Arabia (56.7), India (46.1), Germany (45.8), Italy (34.0), Brazil (33.1), South Korea (31.7), Australia (26.2), Canada (22.5) and Turkey (18.2). Fifteen countries provide 82 percent of global military spending (1.43 trillion dollars). The United States continues to take the lead in military spending in absolute terms. The country spends more on defense than the following ten countries combined. Although in 2012, the U.S. military budget has decreased by 6 percent, the new index marked a 69 percent increase vs. the indexes of 2001 - the year that became the beginning of the "global war on terrorism," SIPRI experts wrote.

Read more: China and Russia catch up with USA in rearms race - English pravda.ru