World military spending peaks – a new defense order.strategy

SIPRI reports that total global military spending increased 0.7% to $ 211.3 billion in 2021. The five largest spenders are the United States, China, India, the United Kingdom and Russia, which together account for 62% of spending.

Military spending reaches record levels in the second year of the pandemic. This is the seventh consecutive year of increased spending, with global military spending reaching an all-time high of $ 2.1 trillion in 2021.

“Even in the economic decline of the Covid-19 pandemic, world military spending has reached record levels,” said Diego Lopez da Silva, Principal Investigator of SIPR’s Military Expenditure and Weapons Production Program. The doctor said. “Inflation slowed real growth, but nominally increased military spending by 6.1 percent.

As a result of the rapid economic recovery in 2021, the world’s military burden (the world’s military spending in the world’s gross domestic product (GDP)) fell by 0.1 percentage points from 2.3% in 2020 to 2.2% in 2021. ..

US military spending reached $ 801 billion in 2021, down 1.4% from 2020. The burden on the US military has decreased slightly from 3.7% of GDP in 2020 to 3.5% in 2021.

US military research and development (R & D) funding increased by 24% between 2012 and 2021, while arms procurement funding decreased by 6.4% over the same period. In 2021, spending on both decreased. However, the decrease in R & D spending (–1.2%) was smaller than the decrease in arms procurement spending (–5.4%).

“High oil and gas revenues helped Russia boost military spending in 2021. Russia’s military spending declined between 2016 and 2019 as a result of low energy prices combined with sanctions. “We were doing,” said Lucie Béraud-Sudreau, director of military spending at SIPR.Weapon production program..

Russia increased military spending by 2.9% to $ 65.9 billion in 2021. When it was building its power along the Ukrainian border. This is the third consecutive year of growth, with Russia’s military spending reaching 4.1% of GDP in 2021. The final figure was $ 48.4 billion, 14 percent above the budget at the end of 2020.

China, the world’s second-largest spender, allocated an estimated $ 293 billion to the military in 2021, an increase of 4.7% compared to 2020. China’s military spending has increased for 27 consecutive years. China’s budget for 2021 was the first under the 14th Five-Year Plan to be implemented until 2025.

After the 2021 budget was first approved, the Government of Japan added $ 7 billion to military spending. As a result, spending increased 7.3% to $ 54.1 billion in 2021, the highest annual increase since 1972. Australia’s military spending also increased 4.0% in 2021 to reach $ 31.8 billion.

Other notable developments:

  • In 2021 IranMilitary budget has increased to $ 24.6 billion for the first time in four years. Funding for the Islamic Revolutionary Guard Corps continued to increase in 2021 (up 14% compared to 2020), accounting for 34% of Iran’s total military spending.
  • 8 European North Atlantic Treaty Organization (NATO) Members have achieved the Alliance’s goal of spending more than 2% of GDP on the military in 2021. This is one less than in 2020, but up from two in 2014.
  • Nigeria In 2021, military spending increased by 56% to reach $ 4.5 billion. This rise has been brought about in response to many security challenges, including violent radicalism and separatist rebellion.
  • GermanyThe third-largest spender in Central and Western Europe spent $ 56 billion on its army in 2021. That’s 1.3 percent of GDP. Inflation reduced military spending by 1.4% compared to 2020.
  • In 2021 Qatarof Military spending is $ 11.6 billion, the fifth highest spending in the Middle East. Qatar’s military spending in 2021 was 434 percent higher than in 2010, when the country last released spending data before 2021.
  • IndiaWith $ 76.6 billion in military spending, it ranks third in the world. This increased by 0.9% from 2020 and 33% from 2012. To strengthen the indigenous weapons industry, 64% of the capital spending on the military budget in 2021 was allocated to the acquisition of domestic weapons.

Source: SIPRI World military spending peaks – a new defense order.strategy

Show More
Back to top button