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The US accounted for more than half of the total increase, though arms spending increased fastest in Asian countries, with China raising its military expenditure most, followed by India. Global spending has risen by nearly 50% over the past decade, said Sipri.
The US headed the list of the world's top 10 arms buyers last year, spending $661bn on military equipment. It was followed by China (spending an estimated $100bn), France ($63.9bn), Britain ($58.3bn), Russia (an estimated $53.3bn) and Japan ($51.8bn), according to the report.