The US remained in 2016, the dominant top spender on the military as
its expenditure grew by 1.7 percent to $611 billion, the Stockholm
International Peace Research Institute (SIPRI) said.
The USA spending was bigger than what China, Russia, India, Britain,
France, Saudi Arabia, Japan and Germany spent during the same period.
All the eight nations spent $595billion, though remarkably global
expenditure rose for a second consecutive year,
China is second, with an expenditure of $215 billion, 13 per cent more than it spent previously.
Russia comes third with $69.2 billion. France spent the highest in Western Europe, splashing $55.7 billion.
Britain spent $48.3billion and Germany $41.1billion. India spent $55.9 billion and Japan $46.1billion
For Russia, the military expenditure was the highest proportion of
its GDP since it became an independent state. It represented a 5.9
percent rise over 2015.
“This increased spending and heavy burden on the economy comes at a
time when the Russian economy is in serious trouble due to low oil and
gas prices and the economic sanctions imposed since 2014,” (by the West
over the Ukraine conflict), SIPRI said.
Saudi Arabia was the third largest spender in 2015 but dropped to
fourth place in 2016 as its expenditure fell by 30 percent to $63.7
billion, “despite its continued involvement in regional wars”, it added.
“Falling oil revenue and associated economic problems attached to the
oil-price shock has forced many oil-exporting countries to reduce
military spending,” SIPRI researcher Nan Tian said, adding Saudi Arabia
had the largest drop in spending between 2015 and 2016.
SIPRI said the rise in US military spending in 2016 “may signal the
end of a trend of decreases in spending” caused by the 2008 economic
crisis and the withdrawal of US troops from Afghanistan and Iraq.
On April 13 the US dropped its largest ever non-nuclear bomb, hitting
Islamic State group positions in a remote area of eastern Nangarhar
province in Afghanistan.
“Future spending patterns remain uncertain due to the changing
political situation in the USA,” Aude Fleurant, Director of the SIPRI
Arms and Military Expenditure (AMEX) programme, said in a statement.
Hit by a series of terror attacks since 2015, Western Europe raised
its military expenditure for the second consecutive year, up by 2.6
percent in 2016.
Overall military spending in Central Europe jumped by 2.4 percent in 2016.
“The growth in spending by many countries in Central Europe can be
partly attributed to the perception of Russia posing a greater threat,”
said senior SIPRI researcher Siemon Wezeman in the statement.
“This is despite the fact that Russia’s spending in 2016 was only 27
per cent of the combined total of European NATO members,” he added.
Popular News
-
Mesothelioma is an aggressive cancer affecting the membrane lining of the lungs and abdomen. Malignant mesothelioma is the most serious o...
-
A US mayor of a small town in Illinois who sent Police officers on Sunday to break up parties amid coronavirus lockdown was left shocked ...
-
Happy New Month Nigeria! Welcome to the month of June. As the world searches for a respite from all its troubles since 2020 began, one can ...
-
The United States has announced that starting March 1, 2023, it will increase visitor visa validity from 24 months to 60 months for Niger...
-
For the quarter, added 537,000 residential and small enterprise business internet customers versus 380,000 within the prior year quarter....
-
Malignant mesothelioma is an uncommon cancerous tumor . It mainly affects the lining of the lung and chest cavity (pleura) or lining...
-
Video of what a submarine implosion looks like has been shared online after Titanic five died instantly when the submersible suffered ...
-
The United Kingdom (UK) has announced new travel requirements. This is as it said Visa is not enough for people wishing to enter the c...
-
In the dynamic and fiercely competitive business landscape of today, one thing remains constant: the power of advertising. With the right ...
-
A video has captured the moment a Catholic priest and church members were seen running as a tree fell during a prayer session. This comes...
-
Italy have been crowned champions of the 2020 European Championship after defeating England 3-2 in penalties on Sunday night, July 11. ...
-
“Every improvement contributing to your outstanding experience is our daily motivation.” - Remitano Every product and feature on the Rem...
-
For the quarter, added 537,000 residential and small enterprise business internet customers versus 380,000 within the prior year quarter....
-
SMS marketing is a marketing channel which allows businesses to message customers with marketing messages through SMS, or more commonly kn...
-
Breaking news about iceland country incredible but true if you are interested read the full story iceland team was able to achieve an ...
-
Happy New Month Nigeria! Welcome to the month of June. As the world searches for a respite from all its troubles since 2020 began, one can ...
-
An Israeli professor has claimed that coronavirus will disappear after 70 days with or without intervention. The unproven claims were ma...
-
The Remitano founding team has always maintained the belief and vision that blockchain and cryptocurrencies are a big step forward for s...
-
Would you believe it if someone tells you that cayenne pepper has the power to stop a heart attack within a minute? Believe it or not, thi...
-
Apparently, ginger, a well-known spice we frequently add to different dishes to enhance the flavor, has the power to prevent cancer. But, i...
- bitcoin
- bitcoin mining
- Coronavirus
- dr anu nigeria
- coronavirus china
- Benefit Of Ginger Water
- Bobrisky
- Buhari
- coronavirus cure
- benefits of drinking milk
- Biafran War
- coronavirus death rate
- coronavirus outbreak
- dede one day mansion
- coronavirus update
- History of Biafra
- How To Make Ginger Water
- eri
- How to save your phone battery
- is 5g dangerous
- Kobe Bryant
- Jennifer Aniston
- kobe bryant family
- latest nigeria news paper
- kobe bryant wife
- latest on nigeria news
- naija news
- Malignant mesothelioma
- nigeria news
- Mesothelioma survival rates
- newspaper online in nigeria
- nigeria news breaking
- nigeria news headline today
- nigeria news of the day
- nigeria news paper online
- nigeria newspaper
- nigeria news paper today
- nigeria news today & breaking
- nigeria newspaper online
- nigerianewspaper
- nigeria newspapers
- Regina Daniels
- online dating scams
- Side Effects Of Eating Corn
- t mobile data usage
- online nigeria news
- what is tiger nut
- tiger nuts
- Tyson Fury
0 comments:
Post a Comment