In this article, we list out Top 10 Countries who spend more on their Defense Budget. Current Finance Minister of India, Mr. Piyush Goyal announce today a big budget package that tightens our countries defense system. Mr. Goyal announce more than Rs. 3 Lakh crore budget package for Defense sector. This is the first time India got such a huge budget package seperate for Defense sector. Experts believe the main reason for such a huge defense budget is because of our two neighboring countries i.e. China and Pakistan.
In recent years there two countries have elongate their defense budget. Moreover, In year 2018, India holds the 6th position in the list of budget amount projection in defense sector. Let’s check out the list of Top 10 countries who spend more on their Defense Budget.
Top 10 countries who spend more on their defense budget: List
USA spend the highest budget to tighten their country’s defense sector. Note that USA spends approximately 3.3% of their total GDP on their defense budget. Right now, their Defense budget is around $215 Billion.
China spots at the 2nd postion in this list. The reason is they spend approximately $215 Billion on their Defense budget, that is equivalent to 1.9% of their GDP.
3. Saudi Arabia
World’s highest production oil country also spends a great amount of money on their defense budget. Right now, Saudi Arabia’s defense budget is around $87.2 Billion that is equivalent to 13.2% of their GDP.
Russia spends $66.4 Billion on their Defense budget that is equivalent to 5.4% of their GDP.
Britain able to secure the 5th position by spending $55.5 Billion on their defense budget that is equivalent to 2% of their GDP.
France defense budget is around $50.9 that gives it the 6th position in our list. Its defense budget is equivalent to 2.1% of their GDP.
Japan secures 7th position by providing $43.6 Billion for Defense budget in their country. This amount is equivalent to 1.4% of their current GDP.
Germany spend $39.4 Billion on their defense budget that is equivalent to 1.2% of their GDP.
9. South Korea
Most of the South Korea parts are protected by America. In fact, you can American Warship anytime in South Korea’s sea border.
Last but not the least, Pakistan spends approximately $9.6 Billion on their Defense budget. Infact, In year 2017-18 experts see 20% hike in this amount.