07/13/2014 12:11 pm ET Updated Jul 13, 2014

10 Countries Spending the Most on the Military

JUNG YEON-JE via Getty Images

Global military spending continued to decline last year. Although arms expenditure has actually increased in much of the world, military spending in the United States — which still accounted for 37% of total global military spending in 2013 — has declined in recent years.

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