As Bloomberg reports, the Stockholm International Peace Research Institute is out with their latest military spending report, and it looks as though many countries around the globe are preparing for more conflict in the coming years, if only based on the recent jump in military-related spending.
In aggregate, world military expenditures rose to $1.7 trillion in 2015, an increase of about 1% from last year. According to SIPRI, this was the first increase in global military spending since 2011. Unsurprisingly, the United States earned the top spot by a ridiculous margin, spending a gargantuan $596 billion in 2015 (for which the military industrial complex – the recipient of the funds – is eternally grateful). The US is followed by China, and Saudi Arabia who spent an estimated $215 billion and $87.2 billion respectively.
Here is how the top fifteen countries rank.
This post was published at Zero Hedge on 04/06/2016.
Follow on Twitter
Recent Comments