Wednesday, July 30, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Top 10 countries with the most expensive military

Simon Osuji by Simon Osuji
December 23, 2024
in Business
0
Top 10 countries with the most expensive military
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

A strong defense budget is essential to national security and sovereignty. Beyond the primary objective of guaranteeing a nation’s security and readiness, a sizable military budget may have important positive effects on the economy, society, and geopolitics.

Defense expenditure boosts economic growth by increasing demand in manufacturing, engineering, and technology businesses.

A robust defense budget typically funds local enterprises providing military equipment and services, boosting industrial growth.

It also provides direct and indirect jobs in areas like research and development, logistics, and construction, which can help to reduce unemployment and raise living standards.

Primarily, the key benefit of a large military budget is the security of a country’s sovereignty and territorial integrity it affords.

An adequate budget ensures that armed forces are properly equipped, trained, and technologically sophisticated, allowing them to respond successfully to external threats such as terrorism and cyberattacks.

A safe nation promotes stability, which is essential for economic progress and social peace.

Furthermore, a substantial defense budget may strengthen a country’s geopolitical status by allowing it to project power and influence on a global scale.

china military

This might include engaging in foreign peacekeeping efforts, offering military help to friends, or preserving freedom of navigation along important commerce routes.

Such efforts not only establish relationships but also advance the country’s objectives in international diplomacy.

With that said, here are the countries across the globe that spent the most on their military in 2024, as per data from Global FirePower.

Related posts

SHIB Whale Moves Up 8,866% as Price Risks Crash

SHIB Whale Moves Up 8,866% as Price Risks Crash

July 30, 2025
Top 5 African countries that produced the most oil in June 2025

Top 5 African countries that produced the most oil in June 2025

July 30, 2025

Top 10 countries with the most expensive militaries

Rank Country Defense budget 2024

1.

USA

$831,781,000,000

2.

China

$227,000,000,000

3.

Russia

$109,000,000,000

4.

India

$74,000,000,000

5.

Saudi Arabia

$71,720,000,000

6.

United Kingdom

$62,816,382,000

7.

Germany

$55,941,410,000

8.

Japan

$53,000,000,000

9.

Australia

$52,559,000,000

10.

France

$49,730,000,000

Source link

Previous Post

Abdul Samad Rabiu faces $1.6 billion loss in BUA Cement as naira weakens

Next Post

Egypt Engages with World Bank to Accelerate Digital Transformation

Next Post
Egypt Engages with World Bank to Accelerate Digital Transformation

Egypt Engages with World Bank to Accelerate Digital Transformation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

SSEN awards contracts for Orkney-Caithness Link subsea cable

SSEN awards contracts for Orkney-Caithness Link subsea cable

11 months ago
Hamdan Bin Mohammed Smart University welcomes learners for Fall 2024 semester

Hamdan Bin Mohammed Smart University welcomes learners for Fall 2024 semester

11 months ago
Multi-modal AI agent mimics human thinking for long video analysis and reasoning

Multi-modal AI agent mimics human thinking for long video analysis and reasoning

2 months ago
Mobile tariff debate hots up in Nigeria

Mobile tariff debate hots up in Nigeria

7 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.