Global military spending at new post-Cold War high, fueled by U.S., China: think-tank
STOCKHOLM - Global military expenditure reached its highest level last year since the end of the Cold War, fueled by increased spending in the United States and China, the world’s two biggest economies, a leading defense think-tank said on Monday.
That is the highest figure since 1988, when such data first became available as the Cold War began winding down. “In 2018 the USA and China accounted for half of the world’s military spending,” Nan Tian, a researcher with the SIPRI Arms and Military Expenditure program, said. The other top spenders are, in declining order, Saudi Arabia, India, France, Russia, Britain, Germany, Japan and South Korea. Saudi Arabia, which is leading a military coalition battling Iran-aligned Houthis in Yemen, was the biggest per capita spender on defense, just ahead of the United States.Trump has criticized some of Washington’s NATO allies in Europe, especially Germany, for failing to meet the alliance’s spending target of 2 percent of gross domestic product.
Military expenditure by all 29 NATO members amounted to just over half of global spending, SIPRI added.
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