Asia Pacific to overtake North America as highest regional defence spender, says Janes
Fast rates of growth in the Asia-Pacific region in the past 10 years mean that it will overtake North America as the highest regional defence spender by 2029, according to the latest data from the trusted global agency for open-source defence intelligence.SINGAPORE – Intelligence from Janes highlights that governments in the Asia-Pacific region allocated more than USD505 billion to defence in 2020 – a 4.3% increase in real terms. The trusted global agency for open-source defence intelligence data anticipates that the Asia-Pacific region will overtake