Asia's military spending up 2.8% in 2021, bucking 1.8% global drop

Growth slows in region, but expenditures 'resilient' to economic squeeze

Nikkei staff writers

TOKYO -- Military spending in Asia rose 2.8% in 2021 versus the previous year, compared with an inflation-adjusted decline of 1.8% worldwide, the International Institute for Strategic Studies (IISS) said in its latest edition of "Military Balance" published Monday.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.