U.S. Defense Spending Far Outpaces Rest of the World
The United States continues to lead the world in defense spending, according to a new report released Thursday by the Centre for Arms Control and Non-Proliferation, a U.S.-based non-partisan research organization.
In fact, the U.S outspends Russia, the next highest spender, by more than 800 percent. The U.S. defense budget is 15 times that of Japan, 47 times that of Israel, and nearly 73 times that of Iran.
In a recent speech to the U.S. Navy League, U.S. Secretary of Defense Robert Gates pointed out examples of the effects of his country’s disproportionate spending. The U.S. Navy can carry twice as many aircrafts at sea as the rest of the world put together, he said, and the navy’s overall power is estimated to exceed that of the next 13 most powerful navies combined.
The United States itself accounts for 44.32 percent of the global total spending of 1.57 trillion dollars, with the rest of NATO and non-NATO Europe accounting for another 22.43 percent. China and Russia account for 5.31 percent and 5.47 percent, respectively.