A swedish think tank Stockholm International Peace Research Institute (SIPRI) has released its report “Trends in World Military Expenditure, 2019”. The report released by SIPRI analysed the global military spending in 2019. The report stated that the global military spending in 2019 was 2.2% of the global gross domestic product (GDP) i.e 7.2% higher in 2019 than it was in 2010.
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Key findings of the report “Trends in World Military Expenditure, 2019”:
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