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In 2022, South Korea's defense spending accounted for about 2.5 percent of its gross domestic product (GDP), which was similar to the share recorded in the previous year.
Largest armies in the world by active military personnel 2024 National Security Countries with the highest military spending 2023 National Security Military expenditure as share of GDP 2023, by country Recommended statistics Global defense spending U.S. defense spending Arms trade Arms companiesKey...
China's air force shows off its L15 Falcon trainer at the Zhuhai Air Show in 2022. The country has a deal to export the aircraft to the United Arab Emirates. Future Publishing | Future Publishing | Getty Images BEIJING — China is set to increase defense spending this year by 7.2% to ...
Since 2022, Putin said, businesses in the occupied areas are being “actively restored” and hospitals and schools are being rebuilt. Thousands of Ukrainians have fled from the four regions as a result of Russia’s invasion, but Putin said Russia’s military operation in the country was to...
Lawmakers are strategizing on how to advance their major priorities in the coming months as they face a barrage of deadlines.\nTwo packages — bipartisan legislation to boost US competitiveness with China and a budget reconciliation bill covering several Democratic priorities — are likely to dominate...
This is in stark contrast to the United States. China's defense budget is just about one-third of the U.S. figure, which exceeds 768 billion U.S. dollars in the 2022 fiscal year. On a per-capita basis, China's defense spending is only one-sixteenth that of the United States. ...
The United States' military expenditure is three to four times that of China's. The US National Defense Authorization Act signed in December 2022 authorized $858 billion in spending for the Pentagon for fiscal year 2023, an 11.7 percent y...
"We need to invest much more in the security of our country," said Chancellor Olaf Scholz days ago when announcing higher investments in Germany's armed forces during an extraordinary session of the Bundestag, lower parliament. In 2020, the share of defense spending was 2.2 percent of governmen...
Amid a buildup of Russian soldiers along the country’s border with Ukraine, US defense spending is once again back in focus. Just weeks ago, the Biden administration proposed a fiscal 2022 Pentagon budget of $715 billion.That’s a 1.6% increase from 2021’s $704 billion, but as the Wal...