Global 2020 Military Spending Grew to Nearly $2 Trillion

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Despite the Covid-19 pandemic the U.S. continued to lead the surge in militarism, accounting for 39 percent of the world total.

By Kenny Stancil
Common Dreams

Despite the coronavirus pandemic, worldwide military spending rose to nearly $2 trillion in 2020, according to an analysis published Monday by the Stockholm International Peace Research Institute.

Global military expenditure in 2020 — estimated to have reached $1.98 trillion — was 2.6 percent higher than in 2019 and 9.3 percent higher than in 2011, according to SIPRI’s new report (pdf). A 2020 bump in military budgets was observed in Africa (5.1 percent), Europe (4 percent), the Americas (3.9 percent), and Asia and Oceania (2.5 percent). The Middle East was the only regional exception, where there was a 6.5 percent decrease in military spending in the 11 countries for which data is available.

SIPRI researcher Diego Lopes da Silva told AFP that last year’s growth in world military expenditure, which coincided with a 4.4 percent decline in global gross domestic product, was unexpected.

“Because of the pandemic, one would think military spending would decrease,” he said. “But it’s possible to conclude with some certainty that Covid-19 did not have a significant impact on global military spending, in 2020 at least.”

Given that military spending continued to escalate during an economic downturn, SIPRI found that the “global military burden,” or military expenditure as a share of GDP, grew from 2.2 percent to 2.4 percent — the largest annual increase since the 2009 financial crisis.

A substantial percentage of global military spending in 2020 was driven by a handful of countries. According to SIPRI’s analysis of the data, 62 percent of the world’s military expenditure was attributable to just five countries — the United States, China, India, Russia and the United Kingdom.

When the military budgets of Saudi Arabia, Germany, France, Japan, and South Korea are added to the tally, these 10 countries accounted for $1.48 trillion, or 75 percent, of the world’s total military expenditure last year.

Who were the top 10 military spenders in 2020?

1) USA??
2) China??
3) India??
4) Russia??
5) UK??
6) Saudi Arabia??
7) Germany??
8) France??
9) Japan??
10) South Korea??

Together they spent $1482 billion, accounting for 75% of global military spending ?? https://t.co/rSIa4kNCH6 pic.twitter.com/Q0mgwXgBtL

— SIPRI (@SIPRIorg) April 26, 2021

With a military budget of $778 billion in 2020, the U.S. alone was responsible for 39 percent of the world’s total military expenditure last year.

Although other top spenders all increased their military budgets last year — China (1.9 percent), India (2.1 percent), Russia (2.5 percent), and the U.K. (2.9 percent) — the U.S. continued to lead the surge in militarism, spending 4.4 percent more in 2020 than in 2019.

With a military budget of an estimated $778 billion, the USA?? remained the world’s largest spender in 2020, accounting for 39% of global military spending. US military expenditure in 2020 was 4.4% higher than in 2019.

Full analysis ?? https://t.co/vfzjJAc3rR#MILEX #GDAMS pic.twitter.com/DZg51pxggU

— SIPRI (@SIPRIorg) April 26, 2021

Alexandra Marksteiner, a researcher at SIPRI, said in a statement that three consecutive years of increased U.S. military spending “reflects growing concerns over perceived threats from strategic competitors such as China and Russia, as well as the Trump administration’s drive to bolster what it saw as a depleted U.S. military.”

The U.S. spends more on its military than the next 10 countries combined, according tothe Institute for Policy Studies’ National Priorities Project. In addition, military spending accounts for more than half of the federal discretionary budget, even as U.S. voters support reallocating a portion of the Pentagon budget to healthcare, education, housing, and renewable energy.

The US military just spent more on these stupid augmented reality headsets from Microsoft than it would cost to completely eradicate homelessness ($20 billion). pic.twitter.com/lQZ04ekHut

— Mac (@GoodPoliticGuy) April 25, 2021

SIPRI noted in its report that while “military spending rose globally, some countries explicitly reallocated part of their planned military spending to pandemic response, such as Chile and South Korea,” which is precisely what U.S. campaigners have been urging President Joe Biden and Congress to do.

Despite growing demands made by progressive lawmakers and activists to redirectfunds from the Pentagon to impoverished communities nationwide to promote human and environmental flourishing, Biden earlier this month requested an even bigger military budget than the one approved last year.

While the White House has been provided with specific proposals for how to slash the Pentagon budget and actually improve national security, Lopes da Silva said the Biden administration “has not given any indications that it will reduce military spending.”

As Carley Towne, co-director of the anti-war group CodePink and coordinator of the Defund the Pentagon campaign, stressed last month, “Cutting the Pentagon budget and reinvesting in the needs of our communities is not only morally necessary, it’s also urgent if we’re going to address the biggest threat that faces our planet: climate change.”

“The Pentagon is the world’s single largest consumer of oil and one of the world’s top greenhouse gas emitters,” Towne added. “If we’re going to take the future of our planet seriously, we need to cut the Pentagon budget now.”

This article is from Common Dreams.

Consortium News

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