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World's Top 5 Military Budgets
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Tags: world, military, budgets, money, dollars, billions, annual, war, top 5
Since the end of the Cold War, most of the world’s militaries have downsized. But in recent years, a few countries have been bulking up. In this list, ForeignPolicy.com takes a look at the countries that are going large while everyone else is slimming down.
| 1. | United States of America - Annual military budget: $481.4 billion (FY 2008 estimate) |
| 2. | People’s Republic of China - Annual military budget: $103.9 billion (2005 estimate) |
| 3. | Republic of India - Annual military budget: $21.7 billion (2005) |
| 4. | Republic of South Africa - Annual military budget: $3.69 billion (2005 estimate) |
| 5. | Bolivarian Republic of Venezuela - Annual military budget: $1.67 billion (2005 estimate) |
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