Telling Numbers: US and China account for half of world’s military spending | Explained News, The Indian Express

Telling Numbers: US and China account for half of world’s military spending | Explained News, The Indian Express

By Express News Service |New Delhi |Updated: May 9, 2019 8:39:35 am

Telling Numbers: US and China account for half of world’s military spending

Military spending by the US increased for the first time since 2010, while spending by China grew for the 24th consecutive year, SIPRI found.

Indian army tanks roll down Rajpath, the ceremonial boulevard, during Republic Day parade in New Delhi. (AP/File)

Total world military expenditure rose to $1,822 billion in 2018, representing an increase of 2.6% from 2017, according to new data from the think-tank Stockholm International Peace Research Institute (SIPRI).