This article compiles data that concludes COVID19 actually had a very small effect on growing military budgets. Despite a 4.4% global decrease in GDP in 2020, total military spending worldwide increased by 2.6% (according to the Stockholm International Peace Research Institute). The top 15 countries account for 81% of the total with the US, China, and India at the forefront. The US’s most recent widely thought security threats remain to be China and Russia, China has been increasing its defense spending annually for the past three decades mostly towards establishing a power dynamic in the Asia Pacific, and India’s spending increase is largely attributed to its continuing conflict with Pakistan over Kashmir and border conflicts with China. Even though COVID19 played a massive role in an economic recession in the past year, very few countries military spending changed to reflect the situation. Russia and Brazil did increase military spending but not as much as initially planned.

Virginia R.

https://www.defenseworld.net/news/29434/Worldwide_Military_Spending_Grew_2_6__in_2020_Despite_4_4__COVID_led_Decrease_in_Global_GDP#.YIeHUxNKhE4