Total global military expenditure reaches $2.24 trln in 2022 — SIPRI
The US, China and Russia are in the top three in terms of global military expenditure with 56% of the world total
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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...