Global military spending at $1.68 tn in 2015
Global military spending for 2015 rose 1% to $1.68 trillion, about 2.3% of the world's GDP, according to the Stockholm International Peace Research Institute. US topped the spending at $596 billion followed by China ($215 billion). Notably, this is the first time the defence spending rose since 2011 after the US began its withdrawal of troops from Iraq and Afghanistan.