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By Joseph Branch in Economics News — Apr 25, 2022

Military spending in the world in 2021 for the first time exceeded a record $2 trillion

Military spending in the world in 2021 for the first time exceeded a record $2 trillion
Photo by israel palacio / Unsplash

The top five are the U.S., China, India, Britain and Russia, accounting for 62% - a report by the Stockholm International Peace Research Institute.

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