List by the Stockholm International Peace Research Institute
2020 Fact Sheet (for 2019) - Top 10 Defence Budgets 2019
Rank -
Country -
Spending (US$ bn) -
% of GDP
******************************************************************************************************
1
United States of America 732.0 (3.4%)
2
People's Republic of China 261.0 (1.9%)
3
India 71.1 (2.4%)
4
Russian Federation 65.1 (3.9%)
5
Saudi Arabia 61.9 (8.0%)
6
France 50.1 (1.9%)
7
Germany 49.3 (1.3%)
8
United Kingdom 48.7 (1.7%)
9
Japan 47.6 (0.9%)
10
South Korea 43.9 (2.7%)
World total 1,917 (
2.2%)
List of countries by military expenditures - Wikipedia
**************************************************************************************************************
America's projected 2020 annual military budget is approximately 3X that of China and 11X that of Russia - in fact, the Russian military has declined to 4th in terms of spending with India moving up to 3rd!
Realistically, no nation would seriously consider trying to match its military strength against the US, whether it be conventional or nuclear - none could hope to match its myriad of modern weapon systems and rapid deployment capabilities!
In addition, 6 of the world's top 10 military powers are all allies of the US and their combined military budgets, excluding America, are actually greater than that of China and Russia together!
With China devoting just 1.9% GDP to military spending, it would appear that she has no intention, at present, of mounting a serious effort to challenge America as the world's premier military power!
Russia, on the other hand, is devoting 3.9% GDP to military spending, more than 2X that of its Chinese counterpart (1.9% GDP), but like the former USSR, it still lacks a domestic economy that would allow it to compete with either America or China for military supremacy!