Russia's Military Spending Among the World's Top Five

Economics & Macro

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Vika Azkiya Dihni 01/03/2022 11:30 WIB

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According to the Stockholm International Peace Research Institute (SIPRI), Russia is among the top five countries with the highest military expenditure. In 2020, Russia's military spending reached US$

Top 5 Countries with the Highest Military Spending (2020)

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Russia's Military Spending Among the World's Top Five

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Top 5 Countries with the Highest Military Spending (2020)

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The war between Russia and Ukraine is intensifying. Since Russian President Vladimir Putin officially announced a military operation on Thursday, February 24th, Russian attacks have begun.

In wartime, military spending is a key indicator of a nation's military strength. According to the Stockholm International Peace Research Institute (SIPRI), Russia is among the top five countries with the highest military expenditure.

In 2020, Russia's military spending reached US$61.7 billion. This placed Russia 4th globally.

According to SIPRI, Russia's military spending ratio in 2020 was 4.3% of its gross domestic product (GDP). Since 2011, Russia's military spending has increased by 26%.

The United States (US) leads the list of countries with the largest military spending. In 2020, US military spending was recorded at US$778 billion.

China's military spending is the second largest in the world, estimated at US$252 billion in 2020.

The five largest military spenders are the United States, China, India, Russia, and the United Kingdom. These five countries account for approximately 62% of global military spending budgets.

Ukraine's military spending, however, is significantly lower than Russia's. Ukraine's military expenditure is estimated at US$5.9 billion in 2020, ranking 34th globally.

Editor : Aria W. Yudhistira

"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."