World military expenditure in 2020 is estimated to have been $1981 billion, the highest level since 1988—the earliest year for which SIPRI has a consistent estimate for total global military spending. Dr Diego Lopes da Silva, Dr Nan Tian and Alexandra Marksteiner, researchers at the Stockholm International Peace Research Institute (SIPRI), present their analysis.
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| Russia’s actual military spending in 2020 was 6.6 percent lower than its initial military budget. (Picture source: Army Recognition) |
