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MORE INTERESTING FACTS TO PONDER.
It is shocking how much governments spend on the military, and how much more weapons are prioritized compared to human lives, In fact, only 10 percent of world military spending could eliminate global poverty. But why is it that countries allocate their resources in expanding their military, rather than fighting poverty, at home or abroad? What is the relationship between the military and global poverty? This article will provide a few different aspects of militarization, and help understand the dilemma that countries face regarding this issue.
According to statistics provided by the Stockholm International Peace Research Institute (SIPRI), 2017 saw a total of $1.74 trillion spent on the military globally. This entails an approximately 3.1 percent increase compared to 2016.
Sources of military spending around the globe are concentrated on these top ten countries, order by the size of military expenditure: the U.S. ($609,758 million), China ($228,231 million), Saudi Arabia ($69,413 million), Russia ($66,335 million), followed by India, France, U.K., Japan, Germany, and South Korea. As seen, the U.S. spent more than the next seven countries on the list combined.
More than 2 percent of global GDP goes to military expenditure. The Middle East is the sole region around the globe that exceeds this number, having 5.2 percent of its GDP spent on the military. Oman, most notably, spent 12 percent of GDP on the military.
Source – with thanks: https://borgenproject.org/