Worldwide defense spending in 2012 was $1.6 trillion. The U.S. is at the top of the list with $656 billion. China is 2nd and India is 7th. By 2021 the U.S. is still expected to be 1st while China is 2nd and India 4th.
| 2012 | Budget in billions | |
| 1 | U.S. | $656 |
| 2 | China | $126 |
| 3 | Japan | $66 |
| 4 | U.K. | $61 |
| 5 | Russia | $59 |
| 7 | India | $45 |
| 2021 | Budget in billions | ||
| 1 | U.S. | $472 | Down 28% |
| 2 | China | $207 | Up 64% |
| 3 | Russia | $106 | Up 80% |
| 4 | India | $68 | Up 54% |
| 5 | Japan | $66 | No change |
Worldwide arms exports are increasing dramatically as well. They’re up almost 30% since 2008. The U.S. accounts for the most exports, while China only accounts for 3%.
| 2012 | Worldwide Total $73 Billion |
| U.S. | 39% |
| Russia | 14% |
| France | 6% |
| All Other Countries | 41% |
Last updated: July 10th, 2024
