Procurement: Global Defense Spending Continues To Decline


May 6, 2015:   Although global defense spending declined slightly in 2014 for the third year in a row it still stands at $1.8 trillion a year. While most countries are either reducing or not changing annual defense spending, those that feel threatened have been putting more money into weapons and troops. In 2014 Saudi Arabia, fearful of increasing threats from Iran and Islamic terror groups like al Qaeda and ISIL, increased annual defense spending 17 percent, to $81 billion. Ukraine, under attack by Russia, boosted spending by 20 percent in 2014 and is increasing it even more in 2015. Russia had been boosting defense spending since the late 1990s but sanctions over its invasion of Ukraine and plunging oil prices have led to a slight reduction in 2014 and more declines in 2015.

The U.S., which accounts for about 34 percent of global defense spending reduced its defense budget five percent in 2014. China and India raised their spending as did most of China’s neighbors. This was because of growing Chinese territorial claims on its neighbors. In East Asia there is something of an arms race, largely because of Chinese territorial ambitions.



Article Archive

Procurement: Current 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 



Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close