According to a SIPRI estimate, Saudi Arabia's military spending now amounts to at least 10.4 percent of its GDP. The kingdom boosted spending on its armed forces by 17 percent last year and it is now splurging more on its military than ever before.
Meanwhile, U.S. military expenditure "only" amounted to 3.5 percent of GDP in 2014, despite the amount spent topping $570 billion.
Some would say, "The price of freedom."
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Independence: The World's Top Militaries
Here is a list of the top ten militaries in the world.
USA, Russia, China, India, and the UK arm the top 5 strongest militaries in the world.
That didn't surprise me, but some of the countries on the bottom half of the list did.
According to a SIPRI estimate, Saudi Arabia's military spending now amounts to at least 10.4 percent of its GDP. The kingdom boosted spending on its armed forces by 17 percent last year and it is now splurging more on its military than ever before.
Meanwhile, U.S. military expenditure "only" amounted to 3.5 percent of GDP in 2014, despite the amount spent topping $570 billion.
Independence: The World's Top Militaries
Here is a list of the top ten militaries in the world.
USA, Russia, China, India, and the UK arm the top 5 strongest militaries in the world.
That didn't surprise me, but some of the countries on the bottom half of the list did.
ValueWalk via BI.
Even more surprising was the list of military spending, as a percentage of GDP.
via Statista.
According to a SIPRI estimate, Saudi Arabia's military spending now amounts to at least 10.4 percent of its GDP. The kingdom boosted spending on its armed forces by 17 percent last year and it is now splurging more on its military than ever before.
Meanwhile, U.S. military expenditure "only" amounted to 3.5 percent of GDP in 2014, despite the amount spent topping $570 billion.
Some would say, "The price of freedom."
Posted at 04:37 PM in Business, Current Affairs, Market Commentary | Permalink
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