Russia Now Spends More of Its Wealth on the Military Than the United States

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Elsewhere in the world, amid rising tensions with Iran, Saudi Arabia is now the Middle East’s pre-eminent military power with the fourth-highest military spending in the world. China increased its spending 7.4 percent to $188 billion.
Algeria, where autocratic President Abdelaziz Bouteflika, already in power for 15 years, will almost certainly win a fourth term this week, became the first African country with the dubious achievement of spending more than $10 billion on its military. Oil-rich Angola boosted spending by 36 percent as well.
Overall, military spending around the world actually fell, though every region of the world increased its spending except for North America, Western Europe, and Oceania. The overall fall was driven largely by reductions from the United States caused by “the end of the war in Iraq, the beginning of the drawdown from Afghanistan, and the effects of automatic budget cuts passed by the US Congress in 2011.” The U.S. still accounts for 37 percent of the world’s military spending.  European countries cut back as well.
Convergence is certainly too strong a word—there’s still a long gap between the United States and the two superpowers that follow it, and between those three countries and everyone else. But the numbers show developing countries in something of a race to catch up. 

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