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December 16, 2016       Share:    

Source: http://news.ihsmarkit.com/press-release/2016s-15-trillion-global-defence-spend-kick-decade-growth-ihs-markit-says

Israel Ranks 16th in Defense Spending

(IHS Markit) A report released Monday by IHS Jane's lists the Israeli defense budget in 16th place in the world at $13 billion, spending less than Canada but more than Taiwan. The leading defense spenders are the U.S. ($622 billion), China ($191), UK ($53), India ($50), Saudi Arabia ($48), Russia ($48), France ($44), Japan ($41), Germany ($35), and South Korea ($22).

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