Military spending in the world in 2020 amounted to almost two trillion dollars, which is 2.6 percent higher than the previous year’s performance, Russia was in the top five leaders. This was reported by the Stockholm International Institute for Peace Rise Problems (SIPRI).
Despite the growth of military spending, the indicators of the world gross domestic product (GDP) decreased by 4.4 percent, mainly due to the economic consequences of the COVID-19 pandemic. According to the estimates of the institute, military spending generally reached 2.4 percent of global GDP, and in 2019 the same indicator was 2.2 percent. In the five countries with the largest military expenditures in the world last year, the United States, China, India, Russia and the United Kingdom, which accounted for 62 percent of world military spending.
As Researcher, SIPRI Alexander Makstener, an increase in US military spending by 4.4 percent (2020 they amounted to 778 billion dollars) may be due to serious investigations in research and new weapons development, as well as the implementation of several long-term projects.
in the second and third places were China and India. China’s military expenditures for 2020 increased by 1.9 percent, up to $ 252 billion, and in India, military expenditures amounted to $ 72.9 billion.
Russia has spent 61.7 billion dollars to the military sphere, which is 2.5 percent more than a year earlier. Closes the top five leaders of the United Kingdom, whose costs of weapons in 2020 amounted to $ 59.2 billion, which is 2.9 above the figure of 2019.
Earlier, the SIPRI report showed that the United States and Russia retained leadership in the export of weapons. The United States has increased the separation from Russia in the arms trade. In the period from 2015 to 2020, Washington increased the export of weapons and now its market share is 37 percent. Deliveries of Russian weapons in the same period decreased by 22 percent, now the share of Russia in the global weapon market is 20 percent.