Published 11 days ago

Global military spending hit all-time high in 2023 after 7% jump, report finds

Global military spending hit a record $2.4 trillion in 2023 due to increased concerns over peace and security, as stated by the Stockholm International Peace Research Institute.
This figure rose by 6.8% from 2022, showing the most significant annual increase since 2009, according to the institute's report on military spending trends.
Ukraine and Russia had the highest spikes in military spending in 2023, by 51% and 24% respectively, with Russia's expenditure hitting $109 billion, making it the third-largest globally.

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News18 India

World Military Expenditure Hits All-Time High, India Among Top 5 Spenders: Think Tank

Military spending rose by 6.8 percent in 2023, the "steepest year-on-year increase since 2009," according to the report

11 days ago·India

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The Guardian

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12 days ago·London, United Kingdom

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Reuters

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11 days ago·United Kingdom

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Hindustan Times

Global defence budget: How much India, Pakistan and China spend on military? Top 10 list

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South China Morning Post

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CNBC

Global military spending hit all-time high in 2023 after 7% jump, report finds

Global military spending reached a fresh record high in 2023, totaling $2.4 trillion, a report by the Stockholm International Peace Research Institute said.

11 days ago·United States

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