Asia outstrips Europe in defence spending
Defence spending in Asia is expected to overtake that in Europe at some point this year, according to London-headquartered International Institute for Strategic Studies.
John Chipman, director-general of IISS, said on 7 March that the change reflected both continued austerity measures in Europe and sustained economic growth in Asia, which also continues to have a number of conflict flash points.
Some 80% of Asian defence spending is accounted for by five countries: Australia, China, India, Japan and South Korea. China alone accounts for some 30% of defence spending in the region although its spending remains far below that of the
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 1 free story per week
- Personalised news alerts
- Daily and weekly newsletters
- Free magazine subscription to all our titles
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
- 10-year news archive access
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
More from Naval Warfare
-
![French fire up Duguay-Trouin SSN’s nuclear reactor]()
French fire up Duguay-Trouin SSN’s nuclear reactor
The first controlled reaction has occurred inside the nuclear reactor aboard the submarine Duguay-Trouin.
-
![US Navy asks Lockheed Martin to continue development of passive sonar for surface vessels]()
US Navy asks Lockheed Martin to continue development of passive sonar for surface vessels
Lockheed Martin will continue to develop the AN/SQQ-89A(V)15 sonar system for the USN and FMS customer Australia.
-
![ECA Group and TechnicAtome partner on next-gen French nuclear subs]()
ECA Group and TechnicAtome partner on next-gen French nuclear subs
ECA Group will produce onboard electrical systems for next-generation French SSBNs.
-
![UK hunts for uncrewed surface and subsurface vessel to support future commando operations]()
UK hunts for uncrewed surface and subsurface vessel to support future commando operations
With requirements stipulating de-risked and demonstrated technology, Subsea Craft’s VICTA diver delivery unit ticks many of the boxes for the UK’s uncrewed surface and subsurface vessel requirement.
-
![UK commits to two new survey ships, the first to be procured this year]()
UK commits to two new survey ships, the first to be procured this year
Galvanised by the recent damage to the Nordstream pipelines, the UK is procuring new ships for keeping tabs on critical undersea infrastructure.
-
![US Navy orders full-rate production support for Evolved Seasparrow Block 2]()
US Navy orders full-rate production support for Evolved Seasparrow Block 2
Latest ESSM Block 2 support contract covers SAM purchases for 11 navies.
