2020 noticed largest uptick in year-on-year outlay for greater than a decade, whilst some nations redirected funds to battle pandemic.
International army expenditure rose by 2.6 p.c to $1.98 trillion final yr whilst some nations reallocated their defence funds to battle the COVID-19 pandemic, the Stockholm Worldwide Peace Analysis Institute mentioned in a report issued on Monday.
The 5 largest spenders in 2020, which collectively accounted for 62 p.c of army spending worldwide, had been the USA, China, India, Russia and the UK, in that order, in line with the Sweden-based physique.
“We are able to say with some certainty that the pandemic didn’t have a big impression on world army spending in 2020,” Diego Lopes da Silva, a SIPRI researcher and one of many report’s authors, mentioned in an announcement.
As world gross home product (GDP) declined due to the worldwide well being emergency, army spending as a share of GDP reached a world common of two.4 p.c in 2020, up from 2.2 p.c in 2019.
The bounce represented the most important year-on-year enhance for the reason that monetary disaster of 2009.
On account of the rise, extra NATO members hit the transatlantic safety alliance’s guideline goal of spending at the very least two p.c of GDP on their army, with 12 nations doing so in 2020 in contrast with 9 in 2019.
Nonetheless, some nations corresponding to Chile and South Korea redirected a part of their deliberate army spending to their pandemic response.
A number of others together with Brazil and Russia spent significantly lower than their preliminary army budgets for 2020.
US, China largest spenders
The world’s two largest spenders by far had been the US and China, with Washington accounting for 39 p.c of complete world army expenditure in 2020 and Beijing for 13 p.c.
US army expenditure reached an estimated $778bn final yr, 4.4 p.c greater than in 2019.
It was the third consecutive yr of progress in US army spending, coinciding with the time period of workplace of former President Donald Trump, following seven years of prior steady reductions.
“This displays rising considerations over perceived threats from strategic rivals corresponding to China and Russia, in addition to the Trump administration’s drive to bolster what it noticed as a depleted US army,” Alexandra Marksteiner, one of many report’s authors, mentioned in an announcement.
China’s army expenditure, the second highest on the earth, was estimated to have totalled $252bn in 2020, an increase of 1.9 p.c from the earlier yr.
Chinese language army spending has now risen for 26 consecutive years, the longest collection of uninterrupted will increase by any nation in SIPRI’s database.