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Watchdog: World military spending up to an all-time high

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.

World military expenditure reaches new record high as European spending surges

(Stockholm, 24 April 2023) Total global military expenditure increased by 3.7 per cent in real terms in 2022, to reach a new high of $2240 billion. Military expenditure in Europe saw its steepest year-on-year increase in at least 30 years.

World arms sales still on the rise – SIPRI

World arms sales still on the rise – SIPRI
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