2020. They have increased by 3.4% compared to
In 2021, global military spending continued to rise, reaching a record high of $2.113 billion, according to a report by the International Peace Research Institute in Stockholm (Sipri). The institute indicated in its report that Moroccan military spending grew by 3.4% in 2021, reaching $5.4 billion.
This is not the case for Algeria, which saw its spending drop by 6.1% to reach $9.1 billion. The report said military spending in Africa grew by 1.2% to $39.7 billion in 2021. “The total for Africa was split almost equally between North Africa (49%) and Sub-Saharan Africa (51%),” it read. Thus, North African military expenditure was $19.6 billion, or 1.7% lower than in 2020.
Despite a slightly lower budget, the United States is among the top spenders. They are followed by China, India and the United Kingdom and Russia. These 5 countries alone account for 62% of global military spending. Thus US military spending stood at $801 billion in 2021, which is 1.4% less than in 2020.
For its part, Russia increased its military spending by 2.9% to $65.9 billion in 2021 as it built up its military along the Ukrainian border. This is the third year in a row of growth and Russian military spending reached 4.1% of GDP in 2021.
China, which has the world’s second largest military budget, allocated about $293 billion to its military in 2021, a 4.7% increase compared to 2020. To total $76.6 billion, military spending by India increased by 0.9% compared to 2020.
Internet geek. Wannabe bacon enthusiast. Web trailblazer. Music maven. Entrepreneur. Pop culture fan.