Stay updated with breaking news from Arms Production Program. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.