The only chart you need to see to know that the world is upping the ante on defense spending
Apr. 10, 2016, 12:27 PM 2,962 1
A rise in global uncertainty and unabated conflicts around the world has caused global military spending to rise for the first time in years.
According to the Stockholm International Peace Research Institute (SIPRI), the total combined global military spending increased by 1% in 2015.
This is the first time that global spending has risen since 2011, and it is largely driven by a rise in conflicts and tensions in eastern Europe, the Middle East, and East Asia.
Iraq, which is embroiled in a multi-year war against ISIS, has increased its military spending the most of any nation that SIPRI has reliable information for.
Between 2006 and 2015, Iraq increased its spending by 536%. This far outpaced Gambia, which was the country with the second highest recorded increase in military spending at 380% for the same time period.
Major global powers also increased their defense spending. China, which is the world's second largest military spender, is believed to have increased its spending by 132% from 2006 to 2015. And in 2015 alone Beijing increased spending by 7.4%, although SIPRI noted that overall defense spending in China is weakening as the country's economy begins to drag.
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