Trends in World Military Expenditure, 2016, 10 KEY FACTS

World military expenditure was $1686 billion in 2016, an increase of 0.4 percent in real terms.
Total military spending accounted for 2.2 percent of the global GDP in 2016
The five biggest spenders in 2016 were the USA, China, Russia, Saudi Arabia and India
Military expenditure increased in Asia and Oceania, Europe (Central, Eastern and Western) and North America
The United States military remains the largest force on the planet. The superpower’s 2016 military expenditure of $611 billion was equivalent to approximately 36% of all global military spending.
Military spending decreased in Africa, Central America and the Caribbean, and South America
Of the countries in the Middle East for which data is available, total military expenditure fell by 17 per cent; the major decreases were in Iraq (–36 percent) and Saudi Arabia (–30 percent)
Military expenditure in the USA grew by 1.7 percent to $611 billion in 2016, the first increase after five consecutive years of decline. Despite this slight increase, US military spending remains 20 percent lower than the peak of 2010
The fall and continued slump in world oil prices has had a substantial effect on military spending in a majority of oil-export dependent countries. .
In many cases (e.g. Saudi Arabia, South Sudan and Venezuela), country-specific cuts have been so substantial that they have affected regional and sub-regional spending trends.

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