Watchdog: World military spending up to an all-time high columbian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from columbian.com Daily Mail and Mail on Sunday newspapers.
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.
Europe's military spending grew at a record pace in 2022, reaching a level unseen since the Cold War following Russia's invasion of Ukraine, global security researchers said Monday.The rise in Europe helped global military expenditures reach an eighth straight record at $2.24 trillion, or 2.2 percent of the world's gross domestic product, according to the Stockholm International Peace Research Institute (SIPRI).