Poland among the 25 countries that spend the most on army and defense !!!

According to the report "2018 Global aerospace and defense sector outlook. On a solid profitable growth path ", prepared by the consulting company Deloitte, the global revenues of the entire defense sector will increase by 3.6 percent this year and the expenditure on armaments will grow at an average rate of 3 percent. in 2017-2022.

Global defense spending in 2016 amounted to 1.68 trillion dollars, in 2017 it was 1.73 trillion dollars. The US defense budget at the level of 60.2 billion dollars in 2016 was responsible for 36 percent. global armaments. As a result of tensions in world politics, the Governments of India, Russia and China also increased expenditures on armaments (by 8.5 percent, 5.9 percent and 5.4 percent respectively as compared to 2015). Poland with spending at the level of 9.8 billion dollars (2016) ranked 25th among the countries that spend the most on defense. The estimated profit from operations of defense companies will amount to 10.2 percent this year.

Demand for defense industry products is increasing all over the world, and in the face of the growing threat of cybercrime, the state is being strengthened by defense mechanisms. Higher defense expenditures in the UAE, Saudi Arabia, India, South Korea, Japan and other countries are likely to cause similar trends in NATO countries, as the leaders are still trying to prevent potential threats and maintain a competitive advantage. In 2022, European defense spending will probably amount to about USD 372 billion, which will account for 18.4 per cent. global expenditures. The USA will remain the leader in this respect. The top ten on the list of the countries that spend the most on arms are China, Russia, Saudi Arabia, France, India, Great Britain, Japan, Germany and South Korea.

As the Deloitte report points out, Boeing, Airbus Group and Lockheed Martin remain the largest companies in the world in the A & D sector. The revenues of the largest 20 enterprises in this sector in 2017 amounted to 502.3 billion dollars.

The article is from the website: defence24.pl