Whether it’s fight or flight, there’s a natural tendency of humans to want to protect themselves. In this day and age, this base instinct takes the form of a nation’s expenditures on armies and armaments, towards an end goal of global security and peacekeeping. The world’s military spending grew by 3.6% year-over-year (YoY)—currently the highest rate this decade—to surpass $1.9 trillion. While just 10 countries are responsible for nearly 75% of this amount, the U.S. alone made up the lion’s share with 38% of the global total. In fact, its YoY rise in spending alone of $49.2 billion rivals Germany’s entire spending for the same year. China and India, currently embroiled in a border dispute, have upped the ante for military spending in Asia. India is also facing cross-border terrorism from Pakistan though the two countries have recently agreed to maintain a ceasefire at the borders.
Global think-tank Stockholm International Peace Research Institute (SIPRI) has recently released the list of countries with maximum military spendings in the year 2020. Here are the top 10 countries that figure in the SIPRI list: