Global military spending in 2021 reached $2.113 trillion, an increase of 0.7% in real terms, according to data from the Stockholm International Peace Research Institute (SIPRI).
The top five countries that spent the most were the US, China, India, the UK and Russia, accounting for 62% of spending.
“Even with the economic fallout from the covid-19 pandemic, global military spending is at an all-time high. <...> Due to inflation, growth slowed in real terms, but in nominal terms, military spending increased by 6.1%, ”said Dr. Diego López da Silva, Senior Researcher at the SIPRI Program for Military Expenditure and Arms Production.
The United States spent $801 billion on the military last year, down 1.4% from a year earlier (3.5% of GDP in 2021).
China spent about $293 billion on the military in 2021, up 4.7% from 2020, while India spent $76.6 billion, up 0.9% from 2020.
Germany increased military spending by €2 billion to help Ukraine Politics
At the same time, Russia increased military spending by 2.9% in 2021, to $65.9 billion (4.1% of GDP). Ukraine's military spending
last year fell to $5.9 billion (3.2% of GDP). SIPRI does not provide data for the UK.
Last year, Russia was also in the top five in defense spending. According to SIPRI, the country spent almost $62 billion on military needs, ranking fourth in the world. The United States was in the lead - they spent $778 billion. China spent $252 billion, India - $72.9 million, Great Britain - $59.2 billion.
In December 2021, SIPRI calculated that arms sales of nine Russian companies included in the top 100 largest arms manufacturers in the world decreased by 6.5% in 2020, reaching $ 26.4 billion. The HEAD of the Rostec state corporation, Sergey Chemezov, denied these data, calling them "sucked from the finger." “We, like other countries, such as China, do not publish these data - they are closed. Where do they get them from? They just suck it out of your finger, ”Chemezov said then.