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Military Spending of the Countries

  Jun 13, 2023

Military Spending of the Countries

Q What is SIPRI?

  • The SIPRI is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament.
  • It was established in 1966 in Stockholm (Sweden)


Q What is the Scenario of the World?

  • Top Spenders:
    • The five largest spenders in 2021 were the US, China, India, the UK and Russia.
    • They accounted together for 62% of expenditure and the US and China alone accounted for 52%.
  • Asia and Oceania:
    • The military spending in Asia and Oceania totaled USD586 billion in 2021.
      • Spending in the region was 3.5% higher than in 2020, continuing an uninterrupted upward trend dating back to at least 1989.
      • The increase in 2021 was due primarily to growth in Chinese and Indian military spending.
        • Together, the two countries accounted for 63% of total military expenditure in the region in 2021.
  • Increased Spending in Russia:
    • Russia increased its military expenditure by 2.9% in 2021, to USD65.9 billion, at a time when it was building up its forces along the Ukrainian border.
  • NATO Members Spending:
    • Eight European North Atlantic Treaty Organization (NATO) members reached the Alliance’s target of spending 2% or more of GDP on their armed forces in 2021.
      • This is one fewer than in 2020 but up from two in 2014.


Q What are the Highlights about India?

  • India’s military spending of USD76.6 billion ranked third highest in the world.
    • This was up by 0.9% from 2020 and by 33% from 2012.
  • Amid ongoing tensions and border disputes with China and Pakistan that occasionally spill over into armed clashes, India has prioritized the modernization of its armed forces and self-reliance in arms production.
  • In a drive to strengthen the indigenous arms industry, 64% of capital outlays in the 2021 Indian military budget were earmarked for acquisitions of domestically produced arms.