This Is The Country With The World's Largest Military Expenditure, Indonesia Number How Much?

Illustration of military vehicles (Photo: Pixabay/YuryRymko)

YOGYAKARTA Some time ago, the Stockholm International Peace Research Institute (SIPRI) or the Global Institute of Research and Peace, released a list of countries with the largest military spending in 2022.

According to SIPRI records, the global value of the military spending budget set its highest record in 2022, which was US$2.24 trillion. This figure increased 3.7 percent compared to the previous year's 2.17 trillion US dollars.

The rising global military spending budget was driven by Russia's invasion of Ukraine. The two conflicting countries experienced a substantial increase in their military spending.

In the SIPRI report, the military spending budget in Europe rose 13 percent in 2022, the largest after the cold war.

Another factor that causes the global military spending budget to increase is the increase in military spending in parts of Asia and Oceania.

The United States is still at the top of the list of countries with the largest military budget globally in 2022.

Throughout January-December last year, Uncle Sam's country has spent 877 billion for the military budget.

Therefore, it is not surprising that the United States is the country with the greatest military power as well as the most expensive defense budget in the world.

Based on a report by The International Institute for Strategic Studies (IISS), the US disbursed a defense budget of US$738 billion in 2020. This amount is equivalent to IDR 10.61 quadrillion.

The country with the second largest military budget is China. According to SIPRI, during 2022 the Bamboo Curtain country has spent $292 billion on military spending.

This year, China's military budget reportedly touched 1.55 trillion Yuan or around IDR 3.432 trillion. China is increasing its military budget to prevent an increasing threat.

Russia increased its military spending budget in 2022 to 86.4 billion US dollars. This figure increased by about 30 percent compared to the previous period of 65.9 billion US dollars.

According to SIPRI records, the increase in Russia's military budget is because they are in conflict with Ukraine.

8 Countries With The Largest Military Expenditures

In addition to the three countries above, there are a number of other countries that have the largest military budget globally in 2022.

The following are the eight countries with the largest military spending budget in the world in 2022 according to SIPRI:

Meanwhile, based on the SIPRI report, Indonesia's military spending budget in 2022 reached 8.3 billion US dollars. This figure makes Indonesia ranked 29th on the list of countries with the largest military spending in the world.

For additional information, SIPRI is an independent international institution dedicated to research on conflicts, weapons, arms control, and gun cuts. Founded in 1966, SIPRI provided data, analysis, and recommendations, based on open sources, to interested policymakers, researchers, media, and public. Based in Stockholm, SIPRI regularly ranks among the most respected think tank institutions around the world.

That's information about a country with the world's largest military spending. To get other interesting news, keep reading VOI.ID.