28 April, 2020
5 Min Read
The global military expenditure rose to $1917 billion in 2019 with India and China emerging among the top three spenders, according to a report by a Swedish think tank, Stockholm International Peace Research Institute (SIPRI).
The annual report ‘Trends in World Military Expenditure, 2019’ was released by the SIPRI
Reason for rise in India’s military expenditure
cluding defence pensions, accounts for about 1.5% of the country’s GDP, the lowest in recent times.
In comparison, Pakistan’s military expenditure rose by 70% over the decade 2010–19, to reach $10.3 billion while the military burden increased from 3.4% of GDP in 2010 to 4% in 2019, says the report. Pakistan was at the 24th position in 2019 compared to 19th in 2018.
Global military spending
SIPRI is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament.
Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public.
Based in Stockholm, SIPRI is regularly ranked among the most respected think tanks worldwide.
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