5 Countries with the Highest Military Spending in the World

1. United States

Military Spending: $778 billion

The United States ranks 1^st on the list of countries with the highest military budget in the world. With spending of $778 billion on military operations, the US outlies other countries in terms of military spending. The US spends 3 times more on the military than China and 10.6 times more than India. The US contributed 39% to global military spending in 2020. The military budget decreased by 10% from 2011 to 2020. However, the US has increased its military budget from 2019 to 2020 by 4.4%. The US has consistently increased its military budget from 2018 to 2020. This increase can be attributed to an increase in research & development, modernizing the US nuclear arsenals, and large-scale arms procurement.

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