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  • As the world digs out from the economic downturn of 2009, it seems that annual growth in global defense spending is back. Total global defense spending is seen increasing 0.6 percent from $1.538 trillion in 2013 to $1.547 trillion in 2014, according to a forecast released Tuesday in London from IHS Jane’s Aerospace, Defence & Security. If the forecast proves accurate, it will be the first time since 2009 that the world grew spending on military hardware and armies since 2009.

    The top 20 spenders shelled out a combined $1.316 trillion on defense-related expenditures in 2013, with the United States making up just over 44 percent of that spending at $582.4 billion.

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