Global military spending hit all-time high in 2023 after 7% jump, report finds
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Global Military Spending Hits All-Time High Of $2.4 Trillion
Global Military Spending Hits All-Time High Of $2.4 Trillion By Tim Martin at BreakingDefense Global military expenditure surged to a record $2.44 trillion in 2023, the largest year-on-year rise on weapons spending since 2009, according to a new Stockholm International Peace Research Institute (SIPRI) report. The report, published today, said that the new figure is an “all time high,” equivalent to a 6.8 percent increase on spending in 2022 and marking the ninth consecutive...
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Global military spending hits ‘all-time high’ of $2.4 trillion: SIPRI report
The US remains the world’s largest defense spender, outlaying $916 billion last year, a 2.3 percent annual increase, ahead of China in second place, which spent an estimated $296 billion, a 6 percent increase over the same period.
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Conflicts push global military spending to all-time high: report
Global military expenditure saw its steepest increase in over a decade in 2023, reaching an all-time high of $2.4 trillion as wars and rising tensions fuelled spending across the world, researchers said Monday. Military spending rose across the globe with particularly large increases in Europe, the Middle East and Asia,