Source: Top 15 Defense Budgets 2015
"According to the Military Balance 2016, recently published by the International Institute for Strategic Studies (IISS), global defence spending in 2015 amounted to $1.563 trillion – with the US, China, Saudi Arabia and Russia accounting for more than half of total expenditure. For its part, ‘EUrope’ has largely reversed its trend of cutting budgets and accounts for roughly 14.5% of the world’s spending..." - Global defence spending 2015: the big picture
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