By Giri Rajendran, Research Associate for Defence and Economics
A popular part of each The Military Balance launch is the annually-updated graphic ranking the world’s top-15 defence-spending states (see here). This provides a snapshot of the relative defence-spending power of major states for a given year. (Note: figures shown indicate official defence budgets.) As can be seen from this year’s graphic, the US alone spends almost as much as on defence as the next 14 top defence spending countries combined, while the top 15 spenders collectively allocate around four times more to defence than the rest of the world put together.