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World military spending rises to almost $2 trillion in 2020
(Stockholm, 26 April 2021) Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019...
The five biggest spenders in 2020, which together accounted for 62 per cent of global military expenditure, were the United States, China, India, Russia and the United Kingdom.
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Military spending by China grew for the 26th consecutive year.
Military expenditure increases in the first year of the pandemic
The 2.6 per cent increase in world military spending came in a year when global gross domestic product (GDP) shrank by 4.4 per…