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[Graphic News] US, China and Saudi biggest military spenders in 2017
By Nam Kyung-donPublished : May 7, 2018 - 18:15
Global military spending rose in 2017 to its highest level since the Cold War, with the United States, China and Saudi Arabia topping the list, a Swedish research institute said.
The Stockholm International Peace Research Institute estimated that global military expenditure totaled $1.73 trillion in 2017, up 1.1 percent on 2016.
The United States remained the world’s largest spender with $610 billion, unchanged year-on-year. The US accounted for over a third of global military expenditure.
Second-placed China was estimated to have spent $228 billion. South Korea ranked in 10th place, spent $39.2 billion in 2017.
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