Top 10 Countries that have Highest Military Spending
Each year, almost every country in the world spends fairly large amounts of money on its defences. Money spent in terms of military expenses is used primarily to keep the armed forces of a country equipped with state of the art technology. And then of course lost of research and development has to be carried out. Large economies such as the US, China and Japan spend more than smaller economies such as Iraq, Kuwait or Thailand. Here is a list of top ten countries that have the highest military spending.
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1
United States:
Every year, United States spends approximately $711 billion in terms of military expenditures, almost 4.7% of its Gross Domestic Production (GDP). The resources spent by the US on its military are more than any other country in the world. This puts the US at the top of the list of top 10 countries that have highest military spending.
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2
China:
With a total spending of $143 billion, China is ranked number 2, of top 10 countries that have highest military spending. China spends approximately 2% of its GDP in terms of military expenses.
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3
Russia:
Russia stands 3rd in the list of top 10 countries that spend the most on their military. It spends 3.9% of its total GDP on its military every year.
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4
United Kingdom:
A per annum spending $62.7 billion puts the UK at 4th place in the list of top 10 countries that spend the most on their military.
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5
France:
With a difference of only $0.2 billion behind United Kingdom, France is ranked number 5, of top 10 countries that have highest military spending. Every year, France spends $62.5 billion on its military which equals 2.3 of the country’s GDP.
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6
Japan:
Annual spending of Japan in terms of military expenses equals $59.3 billion, thus positioning Japan at number 6, of top 10 countries that have highest military spending.
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7
India:
After Japan comes India with a total military spending of $48.9 billion every year.
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8
Saudi Arabia:
It may sound surprising but the fact is that Saudi Arabia spends more on its military in terms of annual GDP than any other country in the world; 8.7% of total GDP to be exact. Saudi Arabia is at 8th place in the list of top 10 countries that spend the most on their military.
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9
Germany:
With a per year spending of $46.7 billion, Germany is ranked number 9, of top 10 countries that have highest military spending.
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10
Brazil:
Brazil is at the bottom of the list of top 10 countries with highest military spending. Every year, Brazil spends $35.4 billion on its military.
