World Defence Spending Rose by 4% in 2019, Highest in 10 Years: IISS Report

World Defence Spending Rose by 4% in 2019, Highest in 10 Years: IISS Report

• The global Defense spending rose by 4% in 2019 compared to the previous year, as per a new report titled “Military Balance” published by the London-based think tank International Institute for Strategic Studies (IISS).
• As per the international think tank, this global rise is the highest annual increase in 10 years.
• US and China both increased there spending by 6.6 percent to $684.6 billion and $181.1 billion respectively.
• In Europe, defence spending stepped up by 4.2 percent.