Page 4 - Arms Production Program News Today

STOCKHOLM (AP) — Global military spending grew for the eighth-consecutive year in 2022 to an all-time high of $2.24 trillion, with a sharp rise in Europe, chiefly because of Russian and …

Total global military expenditure increased by 3.7 percent in real terms in 2022.

Global military expenditures in 2022 rose 3.7% to a record $2.24 trillion, driven by Russia’s invasion of Ukraine and related spending by Moscow and Kyiv.

Global military spending grew for the eighth consecutive year in 2022 to an all-time high of $2.24 trillion, with a sharp rise in Europe, chiefly due to Russian and Ukrainian expenditure, a Swedish think tank said Monday. Spending globally increased by 3.7% in real terms, but military expenditure in Europe was up 13% — its…

Military spending worldwide rose 3.7 percent in 2022 to a record $2.24 trillion, with Central and Western Europe experiencing the largest year-on-year increase since the Cold War and Ukraine boosting its outlays to unprecedented levels as it battled invading Russian forces.

The US, China and Russia are in the top three in terms of global military expenditure with 56% of the world total

Global military spending grew for the eighth consecutive year in 2022 to an all-time high of $2.24 trillion, with a sharp rise in Europe, chiefly due to Russian and Ukrainian expenditure, a Swedish think tank said Monday.

In a report released Monday, the Stockholm International Peace Research Institute said military expenditure in Europe saw its steepest year-on-year increase in at least 30 years

Military spending in Europe sharply rose in 2022. Across the globe, military spending hit an all time high of $2.24 trillion. The growth is partially due to Russia's war in Ukraine.

Military spending around the world reached a record high last year, driven by an increase in expenditure in Europe not seen since the end of the Cold War...