Top 10 Countries with Largest Defence Budget
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Top 10 Countries with Largest Defence Budget

Maintaining strong defense is the basic need for survival of every country in today’s world. In recent year, military budget increased in most of largest armed countries while overall world spending is declining. Western Europe decreased defense expenditures sharply for stabilizing financial market. Military budgets depend on many factors sometimes regional conflicts force countries to enhance their defense strength. It’s not easy to largely increase defense spending unless GDP growth is able to afford such expansion since such expenditures put great burden on economy so it should be in well proportion to growth of population as well as economy . Significant expansion of military budget by one country contributes to tensions in the whole territory which induces other nations to expand their military budget and the process goes on. In recent era, trends of putting burden on masses for defense spending has become unpopular and direct revenue from oil trading is being used to fund such expenditure. Saudi Arabia and Russia are large oil-producers, as well as amongst the world’s largest military spenders.

Stockholm International Peace Research Institute (SIPRI) published list of world’s top military spenders in 2013. This report contains list of countries with highest defense expenditure. All statistics are given in US dollar based on exchange rates of each country’ currency. Budget allotted to maintain and strengthened the standing military is something to be added in our list while funds that add luxuries, do nothing with defense capabilities are not considered as Defense Budget. From one year to another, ranking may significantly change due to continuous fluctuations in the exchange rates. Based on SIPRI’s 2013 data, these are the countries with the largest military budgets.

Rank Country SPENDING (US$ Billion) 2013
1. United States 640
2. China 188
3. Russia 87.8
4. Saudi Arabia 67
5. France 61.2
6. United Kingdom 57.9
7. Germany 48.8
8. Japan 48.6
9. India 47.4
10. South Korea 33.9



USA was the world’s largest military spender in 2013. Its defense budget was decreased in recent year but still highest than other countries which accounted for 37% of total global spending in 2013. Total expenditures on increasing defense capabilities was $640 billion which was three times more than second highest military spender China. Withdrawal of U.S armed forces from Iraq and Afghanistan resulted in lowering of its defense budget since 2010. China is the second largest spender which spends the most on the military.

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0 0 5325 09 September, 2014 Defense September 9, 2014

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