Next Big Future April 6, 2019
By 2030, the countries with top defense spending are expected to be: USA with over 1 trillion (had $611 billion in 2016), China with $736 billion (had 215 billion in 2016), and India with $213 billion (had 56 billion in 2016). China, with $228 billion military expenditure in 2017 is the world’s second largest spender, with its share representing 13% of world’s total, compared to 5.8% a decade ago. By 2020, Asia-Pacific military spending will be about the same as North America. North America will be 33% of global defense spending down from about 50% in 2016. By 2045, India’s defence expenditure might reach $654 billion, about the same as all European Union countries combined…read more.
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