Global Military Spending USD $1.8 trillion in 2020

Global military spent USD 1.8 trillion in 2020 Amsterdam, Netherlands Market Forecast / ASD Media BV - Veemkade 356 - Amsterdam - NL Phone: +31.20.486.7590  Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure.  In 2019, Global military roughly spent around USD 1.9 trillion on military and defense that was approximately 2.2 percent of the world’s GDP. The growth in military spending in 2019 as compared to the previous year was the largest annual growth in the past decade. One of the key drivers of increased military spending are the Global conflicts or the threat of war. If a country is at international war it spends... Read more →   Global Defense Budget Analysis - Forecast to 2028 COVID-19 included Market forecasts by Department, End-Allotment, and by Region. Current Market Overview, Country Analysis, Trends, Opportunity Analysis, and Leading Company Profiles