Global military spending reached all-time high of $2.24 trillion in 2022
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Source: wgmd.com
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WGMD - The Talk Of Delmarva - Serving Delmarva Since 1980
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.
The Continent’s armies shouldn’t hold onto their arsenals for future potential conflicts — they should deliver systems at scale to help Ukraine fight the war now.
U.S. dominates global arms sales: SIPRI-
Global arms sales have grown by nearly 2%, chiefly because of the war in Ukraine