Tags: military | spending | us | china | russia | saudi arabia

US Dollar Outlay for Military Highest, But Others on the Rise

By    |   Tuesday, 21 April 2015 06:44 AM

The U.S. still spends more than any other country on defense — in terms of pure expenditures — followed by China, Russia, Saudi Arabia, France, Britain and India, according to a new report from the Stockholm International Peace Research Institute.

In terms of gross domestic product (GDP), Russia is spending 4.5 percent on its military. Most of the other countries spending at the 4 percent level or higher are in the Middle East and Africa.

Beijing and Moscow have considerably hiked their military spending. China's spending is 2.1 percent of its GDP.

A tier below Russia, Washington spends 3.5 percent of its GDP on defense. Pentagon spending is down 6.5 percent in 2014 to $610 billion owning to the Budget Control Act of 2011.

Washington's military expenditures are still 45 percent higher than they were before the al-Qaida attacks of Sept. 11, 2001, according to Glenn Greenwald's The Intercept.

Saudi Arabia is spending roughly $80 billion on its military — about 10 percent of its oil-based GDP — much of it on arms purchases from American defense contractors, according to the Stockholm report.

Among other key findings in the Stockholm report: Worldwide military spending reached $1776 billion in 2014, slightly less than in the previous two years. Spending by China, Russia, and Saudi Arabia continues to be on an incline.

Only three of the 20 countries that spent 4 percent of their GDP, or higher, on the military in 2014 are functioning democracies, according to the report.

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The U.S. still spends more than any other country on defense - in terms of pure expenditures - followed by China, Russia, Saudi Arabia, France, Britain and India, according to a new report from the Stockholm International Peace Research Institute.
military, spending, us, china, russia, saudi arabia
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2015-44-21
Tuesday, 21 April 2015 06:44 AM
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