Global military spending hit record levels
Updated:
Updated:
February 25, 2021 21:37 IST
The U.S. remained the world’s largest defence spender in 2020, IISS said, accounting for 40% of $738 billion globally
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The U.S. remained the world’s largest defence spender in 2020, IISS said, accounting for 40% of $738 billion globally
Global military spending, driven in part by Chinese naval expansion, reached record levels in 2020 despite the impact of the coronavirus pandemic and ensuing economic contraction, a British think-tank said on Thursday.
The International Institute for Strategic Studies (IISS) said military spending reached $1.8 trillion last year a 3.9% increase in real terms over figures for 2019.
Globale Militärausgaben auf Höchststand: Deutschland belegt Rang 7
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Globale Militärausgaben erreichen neuen Höchststand
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