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% |