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China has the largest standing army in the world followed by india and the united states.

Largest military budgets. Arms producing companies also referred to as arms. The world in which we live in is not perfect. The united states is leading the statistics.

In 2016 the us. Global defense spending has increased for the first time since 2011 according to the latest report from sipri. The arms industry also known as the defense industry or the arms trade is a global industry responsible for the manufacturing and sales of weapons and military technologyit consists of a commercial industry involved in the research and development engineering production and servicing of military material equipment and facilities.

Outpaces all other nations in military expenditures. The military are there to protect their country from harm. In total countries around the world splurged 168 trillion on arms in 2016 a 04.

List by the international institute for strategic studies top 15 defence budgets 2017. World military spending totaled more than 16 trillion in 2015. But theres a catch.

Accounted for 37 percent of the total. Military spending in the years 2000 to 2016. List by the stockholm international peace research institute 2018 fact sheet for 2017 sipri military expenditure database.

This means that countries need armies and guns and they also tend to go to war with each other. Us and world military spending and budgets are very high almost back to cold war levels. Military spending amounted to 611 billion us.

On tuesday the international institute for strategic studies released its military balance 2016 report which seeks to examine closely the changing nature of military power. A countrys economy for example often mirrors military.

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