World's Most Expensive, US Defense Budget Reaches US$738 Billion

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Cindy Mutia Annur 06/03/2022 11:00 WIB

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According to a report by the International Institute for Strategic Studies (IISS), the United States had the largest defense budget in 2020, reaching US$738 billion.

Top 10 Countries with the Largest Defense Budgets (2020)

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Top 10 Countries with the Largest Defense Budgets (2020)

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The United States (US) has the world's largest military and the most expensive defense budget.

According to a report by The International Institute for Strategic Studies (IISS), the US spent US$738 billion on defense in 2020. This is equivalent to Rp10.61 quadrillion (at an exchange rate of US$1 = Rp14,386).

China ranked second with a defense budget of US$193.3 billion. India was third, with a budget of US$64.1 billion.

The United Kingdom and Russia occupied the fourth and fifth positions, with defense budgets of US$61.5 billion and US$60.6 billion, respectively.

France, Germany, and Japan followed, with defense budgets of US$55 billion, US$51.3 billion, and US$49.7 billion, respectively. This was followed by Saudi Arabia at US$48.5 billion and South Korea at US$40.4 billion.

The IISS report stated that total global defense spending reached US$1.83 trillion in 2020, a 3.9% increase compared to the previous year.

The IISS also noted that budget growth in 2020 was not significant, as several countries cut defense spending due to pandemic-related measures.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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World's Most Expensive, US Defense Budget Reaches US$738 Billion

World's Most Expensive, US Defense Budget Reaches US$738 Billion

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World's Most Expensive, US Defense Budget Reaches US$738 Billion

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