The Military Balance 2021:

The infographic shows the changing trends in military spending throughout the world during 2020. The US continued to have the highest defense budget in the world, followed by China, India, the UK, and Russia. With regard to global defense spending per region, North America was in first place, followed by Asia.

As far as defense spending per country, the US led the rest of the world by a large percentage. In terms of highest defense budget as a percentage of GDP, two Arab countries, Oman and Algeria, led the way, followed by Israel in third place; the UAE ranked second in the Gulf. To view the full infographic, click here.