Spain, among the 20 countries in the world that made

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Military spending increased in 2018 worldwide by 2.6% to 1.6 trillion euros, due to greater investment in defense in several countries, including Spain. Military spending is 76% higher than at its post-Cold War low in 1998, according to the Stockholm International Peace Institute. The US and China have increased defense funds by around 5%, although other countries in Europe and Asia are spending more and more, Spain among them. Military spending has increased around the world in the past year.

Thus, it has increased by 2.6% compared to 2017, reaching a total of 1.82 trillion dollars (around 1.6 trillion euros), according to the figures presented this past Monday by the International Institute for Peace of Stockholm (SIPRI). Military spending is 76% higher than at its post-Cold War low in 1998.  The five countries that allocate  SW Business Directory the largest sums to their armed forces alone account for 60% of global spending . Notably, the US recorded an increase in military spending of 4.6%, its first increase since 2010 . And China continues to increase its spending in this sector, with 5% more in 2018, adding 24 consecutive years of increasing funds allocated to Defense.



These are the 25 most powerful armies in the world "The increase in Chinese military spending goes hand in hand with the country's overall economic growth," said Dr. Nan Tian, ​​researcher at SIPRI's Arms and Military Expenditure (Amex) program. Since 2013, China has allocated 1.9% of its GDP annually to its military. Still, the country remains far behind the US . Since 1988, the first year for which consistent global data is available according to SIPRI, military spending has increased in Asia and Oceania .