Global military spending reached $1.739 billion in 2017, up 1,1%

In its annual report published on 1erMay, the Stockholm International Peace Research Institute published the amount of global military spending in 2017, or $1,739 billion, up 1,1% compared to 2016. The study shows that 52% of global spending is due to the 29 members of NATO, which Russian investments have , reduced by 20%, or that the Chinese military budget only represents barely more than 20% of the US budget.

However, it is essential to exercise caution with this data, and not to draw global conclusions without putting them into perspective. Thus, the evaluation of the Chinese budget is based on the official figures transmitted by the Chinese authorities, and many specialists believe that these figures are very underestimated. Concerning Russia, it would have been interesting to evaluate the variation of the budget in rubles, and not in dollars, because the ruble underwent very significant variations against the dollar and the euro over the period. And let's not forget that Russian defense investments are very little exposed to imports, and are therefore only slightly impacted by the fall in the ruble, apart from the catch-up in inflation, which only occurs retrospectively.

On the other hand, investments compared to a reference currency like the Euro do not have the same operational potential, as shown in this article

Very often, SIPRI figures are presented to “demonstrate” that China or Russia pose no threat to an overarmed NATO. In fact, they demonstrate nothing, neither in one direction nor the other, they just show that the growth in global defense spending is returning to the pace of global growth, after having stagnated for many years.

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