“Defense News”: Israel's defense budget is 17th largest
Israel’s military expenditure was $9.44 billion in 2005, almost half of Russia’s military budget.
“Defense News” says Israel’s military expenditure was $9.44 billion in 2005, almost half of Russia’s military budget. Only one Arab state made the top 25 list, Saudi Arabia, with a defense budget of $18 billion, in 11th place. Iran, with $4.3 billion in military spending in 2005, did not make the top 25. (Argentina, with a similar military budget, is in last place).
The US tops the list, with a military budget of $518.1 billion in 2005, more than six times second placed China, which spent $81.47 billion on its military. They were followed, in descending order, by France ($45 billion), Japan ($44.31 billion), the UK ($42.84 billion), Germany ($35.06 billion), Italy ($28.18 billion), South Korea ($21.05 billion), Russia ($21 billion), and India, in tenth place ($19.04 billion).
Published by Globes [online], Israel business news - www.globes.co.il - on September 13, 2006
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options