The image shows data about the different army finances in 8 various countries in 2004 and in 2020. Although the total has grown from $930.2bn to $1,125.8bn, a majority of the nations have increased their budgets, except for the U.K. and Italy which had experienced a downfall.
The United States’ savings were the largest in both years, in 2004 the number was $623bn, however it has increased by $155 billion. As a result, the military budget reached its peak at $778bn in 2020. Moreover, France was the country with the second smallest budget, it consisted of only 45 billion dollars. In 16 years the government has managed to increase it by the smallest number among all, by $3.3bn. As a result, the country’s army was funded with $48.3bn. Furthermore, Japan’s and Russia’s budgets have been risen up by $10,7bn and $11,7bn, respectively. Additionally, china’s financial increase was one of the biggest, exactly $113bn, while Germany started at $35bn and managed to succeed to $51.4bn.
Nevertheless, the United Kingdom had saved $1.3bn, by reducing their military budget to $41.5bn in 2030. In contrast, Italy’s drop was even more significant, since their budget has lost $13.2bn.