Global military expenditure.

Recent Context:

• Total global military expenditure increased by 0.7 per cent in real terms in 2021, to reach $2113 billion, according to new data on global military spending published today by the Stockholm International Peace Research Institute (SIPRI).

Important Facts:

• The five largest spenders in 2021 were the United States, China, India, the United Kingdom and Russia, together accounting for 62 per cent of expenditure.
• India’s military spending of $76.6 billion ranked third highest in the world. This was up by 0.9 per cent from 2020 and by 33 per cent from 2012.
• The USA and China alone accounted for 52 per cent. China, the world’s second largest spender.