- Stockholm International Peace Research Institute (SIPRI) has released a report ” Trends in World Military Expenditure, 2019” which states that in 2019 the total military expenditure all over the world was 2% of the Global Gross Domestic Product(GDP).
- Top 5 spenders in 2019: United States ($732 billion), China ($261 Billion), India ($71.1 Billion), Russia ($65.1 Billion) and Saudi Arabia ( $61.9 Billion).