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Military spending in the world is at its highest level since the end of the Cold War

2020-04-27T07:38:59.830Z


Stockholm-Sana The Stockholm International Peace Research Institute announced


Stockholm-Sana

The Stockholm International Peace Research Institute (SIPRI) announced that global military spending for 2019 has reached its highest levels since the end of the Cold War, pointing out that the United States has taken the lead in terms of spending.

Agence France-Presse quoted a report of the institute as saying that last year, global spending on military hardware amounted to $ 1.17 trillion, an increase of 3.6 percent compared to 2018, explaining that this value is equivalent to 2.2 percent of global GDP, and it is equivalent to $ 249 per capita The floor.

The report pointed out that the United States came at the top of the list of the countries that spend the most in the military field, spending last year about 732 billion dollars, or 38 percent of global spending, which is almost equal to the total of the spending of the next ten countries on the list.

China followed the United States in the amount of military spending, then India in third place, bringing countries from Asia for the first time in the first three places in the list.

For its part, Russia ranked fourth on the list, followed by the Saudi regime in fifth place, while France, Germany, Britain, Japan and South Korea followed in the list.

The institute researchers considered that the huge economic repercussions resulting from the emerging epidemic of the Corona virus will lead to a decline in this spending, as Nian Tian, ​​a researcher at the institute, said that the economic contraction associated with the Corona crisis will affect government budgets and all expenditures in 2020.

It is noteworthy that the large spending on military equipment often affects spending in various other aspects as the emerging Corona Virus crisis showed that countries that spent hundreds of billions on armament turned out to not have the appropriate health infrastructures to cope with epidemics and serious diseases as we have seen in the United States and Several westerns.

Source: sena

All news articles on 2020-04-27

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