Biggest jump in world defence spending in 10 years:Study

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News:The International Institute of Strategic Studies(IISS) has released its report on Defence Spending titled “Military Balance”.

Facts:

Key takeaways from the report:

  • The global spending on defence has increased by 4% in 2019.This is the largest growth in the last 10 years.
  • The United States, China, Saudi Arabia, Russia and India retained their positions as the world’s top five defence spenders in 2019.

Additional information:

About IISS:

  • International Institute for Strategic Studies(IISS) is a British Research Institute that was established in 1997. 
  • It provides objective information on military, geopolitical and geo-economic developments that could lead to conflict.
  • The IISS was ranked the 10th best institute in the Global Go To Think Tank Index.