Here's How Much The World Spends On Defense And Military | Exploring Markets

Here's How Much The World Spends On Defense And Military

Below you will find a remarkable chart. It shows how much the biggest countries in the world spend on defense and military.

The U.S. is easily the largest, having some $600 billion to spend on defense. Take note of Russia and China, however. The two countries spend the second and third most on defense. Saudi Arabia and Japan are fourth and fifth.

As the war in Ukraine proceeds, one must be aware that Russia and China, in 2013, announced a special alliance.  The two countries share secrets about weaponry, nanotechnology, intelligence, and more.

With this in mind, perhaps the biggest risk in the Ukraine crisis right now is whether or not China gets involved: