Worldwide military spending is at its highest for 10 years where is all that money going on might government change the priorities with the coronavirus scripts this is inside story. Hello welcome to the program. Now its often said that war is good for business conflicts drive up demand for weapons defense equipment and soldiers and it appears last year was a bumpy year the Stockholm International Peace Research institute says Global Military spending grew to nearly 2 trillion dollars thats a more than 7 percent increase over 10 years but the trend may change as the coronavirus pandemic devastates the worlds economies 5 countries account for more than 60 percent of the worlds military expenditure the us is by far the Worlds Largest spender at 732000000000. 00 thats more than a 3rd of the Global Military budget china is in 2nd place a 261000000000. 00 up 5 percent from 2018 india is 3rd a 71000000000. 00 its the 1st time to asian nations are among the top 3 then its russia and saudi arab
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