World Bulletin / News Desk
Turkey has risen in the ranks to become the world's 14th top military spender, having allocating a budget of $19.1 billion this year.
According to the Stockholm International Peace Research Institute (SIPRI), overall military spending throughout the world dropped by 1.9% to $1.747 trillion in 2013, which was largely blamed on austerity measures in the West.
Turkey, which last year was ranked 16th, skipped ahead of Canada, which has had to cut back its military spending. Turkey also had to increase its own spending due to new threats emerging from the civil war in neighboring Syria.
The UK fell out of the top 5 for the first time since World War II while Saudi Arabia climbed to 4th position. France, Italy, Brazil and Australia also decreased their spending while spending remained unchanged in the US, Germany, Japan and India.
China saw a slight increase of 7.4% as it behaves more assertively in the region against neighbors Japan, South Korea and the Philippines. Russia also increased spending in a bid to update military equipment.
The African continent saw the biggest increase in spending as part of the fight against growing insurgency. Spending in the Caribbean also shot up as security forces boost their crackdown on drug cartels.
While Iraq and Bahrain dragged spending in the Middle-East up by 4% in total, Chile was almost entirely responsible for increased spending in Latin America.Last Mod: 16 Nisan 2014, 15:11