The world military expenditure reached $2,113 billion in 2021, according to a report released on Tuesday by SIPRI, an independent international institute that conducts research on conflicts, armaments, disarmament, and arms control.

The United States led the board with $801 billion in military spending, followed by China, which spent $293 billion. These countries accounted for 38% and 14% of the global share, respectively.

India was the third-highest spender, with $76.6 billion spent last year, an increase of 0.9% from 2020 and 33% from 2012.

According to the SIPRI research, the top 5 countries with the highest military expenditure in the world accounted for $1,305 billion of the total $2,113 billion last year. Meanwhile, the top 15 countries spent $1717 billion, accounting for 81% of total global spending.

In addition, Iran has been ranked in the top 15 for the first time in 20 years, as the country increased its spending by 11% in 2021.

The report comes at a time when the world is still dealing with the fallout from the Russia-Ukraine conflict, which has been going on for more than two months.

The SIPRI findings, on the other hand, state that the economic effects of the Covid-19 pandemic have not slowed the rise in global military spending since 2015.

“As a result of the strong global economic recovery in 2021, global military spending as a share of global GDP reached 2.2 percent, down from 2.3 percent in 2020.” The report stated that “average military spending as a share of government expenditure in 2021 remained the same as in 2020, 5.9 percent.”

Here is a list of the top 15 countries in terms of SIPRI world military expenditure 2021, according to their respective figures and percentage of global share:

Here’s a list of the top 15 countries in the SIPRI world military expenditure 2021:

1. The US ($801 billion, accounting for 30%)

2. China ($292 billion, accounting for 14%)

3. India ($76.6 billion, accounting for 3.6%)

4. The UK ($68.4 billion, accounting for 3.2%)

5. Russia ($65.9 billion, accounting for 3.1%)

6. France ($56.6 billion, accounting for 2.7%)

7. Germany ($56 billion, accounting for 2.7%)

8. Saudi Arabia ($55.6 billion, accounting for 2.6%)

9. Japan ($54.1 billion, accounting for 2.6%)

10. South Korea ($50.2 billion, accounting for 2.4%)

11. Italy ($32 billion, accounting for 1.5%)

12. Australia ($31.8 billion, accounting for 1.5%)

13. Canada ($26.4 billion, accounting for 1.3%)

14. Iran ($24.6 billion, accounting for 1.2%)

15. Israel ($24.3 billion, accounting for 1.2%)

Apart from this. if you are interested, you can also read Entertainment, Numerology, Tech, and Health-related articles here: Yellowstone season 5, Ozark season 4 part 2, PUBG Redeem Code, Is Windows 11 Free, KProxy, How to play Xbox Games on PC, Ozark Season 5, How to cancel YouTube TV, Churchill Car insurance, The Rookie Season 5, Downloadhub, Ssr Movies, 7starhd, Movieswood, How to Remove Bookmarks on Mac, Outer Banks Season 4, How to block a website on Chrome, How to watch NFL games for free, DesireMovies, How to watch NFL games without cable, How to unlock iPhone, How to cancel ESPN+, How to turn on Bluetooth on Windows 10, Outer Banks Season 3, 

6streams, 4Anime, Moviesflix, 123MKV, MasterAnime, Buffstreams, GoMovies, VIPLeague, How to Play Music in Discord, Vampires Diaries Season 9, Homeland Season 9, Brent Rivera Net Worth, PDFDrive, SmallPDF, Squid Game Season 2, Knightfall Season 3, Crackstream, Kung Fu Panda 4, 1616 Angel Number, 333 Angel Number, 666 Angel Number, 777 Angel Number, 444 angel number, Bruno Mars net worth, KissAnime, Jim Carrey net worth, Bollyshare, Afdah, Prabhas Wife Name, Project Free TV, Kissasian, Mangago, Kickassanime, Moviezwap, Jio Rockers, Dramacool, M4uHD, Hip Dips, M4ufree, Fiverr English Test Answers, NBAstreamsXYZ, Highest Paid CEO, The 100 season 8, and F95Zone. 

Thanks for your time. Keep reading!