Russia Entered Top Five Countries with the Highest Military Spending
Russia's military spending declined in 2017-2018, and the defense budget last year amounted to $ 61.4 billion, which put the country on the sixth line in the world ranking. This meant that for the first time since 2006, Russia was not in the top five states spending the most on military needs. In 2019, Russia took fourth place, as military spending increased by 4.5% and amounted to $ 65.1 billion, or 3.9% of GDP.
The countries in the top five — the United States, China, India, Russia and Saudi Arabia — account for 62% of total military spending in the world. The first time in the top five were Asian states. In 2019, the total military spending of the countries of the world amounted to 2.2% of global GDP.