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Total world military expenditure rose to $1822 billion in 2018, representing an increase of 2.6 per cent from 2017, according to new data from the Stockholm International Peace Research Institute (SIPRI).
The five biggest spenders in 2018 were the United States, China, Saudi Arabia, India and France, which together accounted for 60 per cent of global military spending. Military spending by the USA increased for the first time since 2010, while spending by China grew for the 24th consecutive year.
On a rolling 10 year basis, UK remains the second largest global defence exporter.