Comparison

Biggest Defense Budgets 2021: USA #1, China #2, India #4

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.

2012Budget in billions
1U.S.$656
2China$126
3Japan$66
4U.K.$61
5Russia$59
7India$45

 

2021Budget in billions
1U.S.$472Down 28%
2China$207Up 64%
3Russia$106Up 80%
4India$68Up 54%
5Japan$66No 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%.

2012Worldwide Total $73 Billion
U.S.39%
Russia14%
France6%
All Other Countries41%

 

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