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Military Spending Nears $2T

The United States has the biggest piece of the pie.

According to the Stockholm International Peace Research Institute, global military spending grew 3.6 percent in 2019 to $1.9 trillion.

It was the largest annual increase in a decade. The United States accounted for the largest portion - $732 billion, or 38 percent of the global total. This represents a 5.3 percent increase from the year prior.

The amount of this increase is equivalent to Germany's entire annual military budget.

After the U.S., the next biggest spenders were China ($261B), India ($71B), Russia ($65B) and Saudi Arabia.

Military spending includes all government spending on current forces and activities, operational expenses, equipment, construction and R&D.

Bulgaria experienced the largest percentage increase - 127 percent, largely because of payments for new fighter planes.

Spending by South American countries was flat, but armed conflict in central Africa brought significant spending increases to that region.

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