India’s military expenditure rose by 6% in 2022.
As per the Stockholm International Peace Research Institute (SIPRI) report, the total global military expenditure in 2022 stood at $2,240 billion.
According to the SIPRI report, the top 5 military spenders account for 63% of global military expenditure. Here’s a look at the top 10 military spenders.
Military expenditure – $877 billion
United States
Military expenditure – $292 billion
China
Military expenditure – $86.4 billion
Russia
Military expenditure – $81.4 billion
India
Military expenditure – $75 billion
Saudi Arabia
Military expenditure – $68.5 billion
United Kingdom
Military expenditure – $55.8 billion
Germany
Military expenditure – $53.6 billion
France
Military expenditure – $46.4 billion
South Korea
Military expenditure – $46 billion
Japan