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Growing Security Fears Boost Defence Budgets
December 17, 2015 | IHSEstimated reading time: 6 minutes
The US defence budget declined from $625.0 billion in 2014 to $595.3 billion in 2015. Notably, the US 2015 budget represents 36 percent of the global defence budget, down from 46 percent of the global total in 2010. “However, the US defence budget is still greater than the sum of the next nine countries' defence budgets,” said Guy Eastman, senior analyst at IHS.
About the IHS Jane’s Annual Defence Budgets Report
The IHS Jane’s Annual Defence Budgets Report is the world’s most comprehensive, forward-looking study of government’s defence budgets. Tracking 99 percent of the global defence expenditure from 104 of the world’s largest defence budgets, data is compiled from IHS Jane’s Defence Budgets online solution platform. It includes five-year forecasts, historical data, budget charting, trend evaluation and in-depth analysis by country. In this study, values are based on constant 2015 US dollars.
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