According to the SIPRI report, titled “Trends in

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• SIPRI is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament.
• According to new data by defence think tank SIPRI, The US, China, India, UK and Russia were the top five defence spenders.
• The US, which far outspent any other nation with $801bn, and decreased its spending by 1.4 percent in 2021.
• The United States, China, India, the United Kingdom and Russia were the top five defence spenders, together accounting for 62 percent of the global expenditure.
• China, the world’s second largest military spender at an estimated $293bn, boosted its expenditure by 4.7 percent, marking the 27th straight year of increased spending.
• India, the world’s third largest spender at $76.6bn, also increased funding in 2021, but by a more modest 0.9 percent.
• The UK took the number four spot, with a three percent increase in military spending to $68.4bn, replacing Saudi Arabia which instead decreased spending by 17 percent to an estimated $55.6bn.