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Global military spending rises 2.6% in 2020 despite COVID-19 pandemic hit SECTIONS Last Updated: Apr 26, 2021, 02:07 PM IST Share Synopsis The five biggest spenders in 2020, which together accounted for 62% of military spending worldwide, were the United States, China, India, Russia and Britain in that order. AFP A Bell Boeing V-22 Osprey, an American multi-mission tiltrotor military aircraft, is seen out the back hatch of another Osprey Related Global military expenditure rose by 2.6% to $1.98 trillion last year even as some defence funds were reallocated to fight the COVID-19 pandemic, the Stockholm International Peace Research Institute said in a report issued on Monday. The five biggest spenders in 2020, which together accounted for 62% of military spending worldwide, were the United States, China, India, Russia and Britain in that order.

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