PREVIOUS
✖
Top Military Spenders of 2024-25
May 2 , 2025
17 hrs 0 min
37
0
- Global military expenditure rose to $2718 billion in 2024.
- This witnessed a substantial rise of 9.4 per cent compared to 2023.
- The percentage of global gross domestic product (GDP) allocated to the military spending rose to 2.5 per cent.
- In 2024, the world’s top military spenders were the United States of America (USA), which accounted for 37 per cent of worldwide military spending.
- China accounted for 12 per cent of the global military budget.
- Together, they accounted for over half of global military expenditure.
- Russia stands at third with 5.5% of the global military budget.
- India stands as the fifth biggest military spender in the world in 2024.
- It spends $86.1 billion and a year-on-year growth of 1.6 per cent from 2023.
- Considered the world’s largest arms importer, it alone accounts for 3.2 per cent of global military expenditure, trailing behind the top three countries: the United States, China, and Russia.
Leave a Reply
Your Comment is awaiting moderation.