World military spending rises to almost $2 trillion

Total global military expenditure rose to $1981¬†billion last year, an increase of 2.6 per cent in real terms¬†from 2019, according to new data published today by the Stockholm International Peace Research Institute (SIPRI). The five biggest spenders in 2020, which together accounted for 62 per cent of global military expenditure, were the United States, China, […]