Global defence spending grows – Canada ranks number 15 in worldwide defence spending
Global defence expenditure grew by 4.9 percent in 2018, the fastest growth rate since 2008, according to the annual Jane’s Defence Budget report released Tuesday.
Global defence spending grew for the fifth consecutive year to reach a total of 1.78 trillion U.S. in 2018, significantly exceeding the post-Cold War record of 1.69 trillion in 2010, the report says.
Defence spending by NATO nations is fueling the growth. Here is a chart of the top defence spenders with figures in U.S. dollars th
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