The countries that spend the most on their defence budget - where does India stand?
China increased its defence spending by 8.1 percent to USD 175 billion on Monday, its largest hike in defence spending yet. Read on to find out the ten countries that spend the most in the world on defence.
China increased its defence spending by 8.1 percent to USD 175 billion on Monday, its largest hike in defence spending yet. On comparing globally, the following 10 countries were found to have the highest defence spending in 2017.
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South Korea: The East Asian nation of South Korea stands 10th globally in defence spending, with an expenditure of USD 35.7 billion in 2017, according to International Institute of Strategic Studies’ report, The Military Balance. (Reuters)
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Germany: The biggest economy of Europe, Germany, stood 9th in the world with USD 41.7 billion spent towards the military. (Reuters)
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Japan: Japan came 8th in the world in defence expenditure of USD 46.0 billion. (Reuters)
France: Securing 7th place for the country, military expenditure in France touched USD 48.6 in the year 2017. (Reuters)
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United Kingdom: With USD 50.7 billion expenditure on the military strength of the country, United Kingdom stands at the 6th place in the world. (Reuters)
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India: India stands at the 5th place, with USD 52.5 billion spent in military maintenance and expenditure. (Reuters)
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Russia: The largest country in the world, secured the fourth place in defence spending, with USD 61.2 billion spent in 2017.
Saudi Arabia: At the third spot stands Saudi Arabia, that spent USD 76.7 billion in the defence department. (Reuters)
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China: Securing the second spot in the world for defence spending, China spent USD 150.5 billion in 2017. (Reuters)
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USA: The highest defence expenditure in the world is borne by the US government. In 2017, USA spent USD 602.8 billion. This amount is close to the defence spending of the top 15 countries combined.
