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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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NY1

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Military spending surged globally in 2023, report says

The nearly 7% rise in global military spending in 2023 from 2022 marks the sharpest year-on-year increase since 2009

1 year ago·New York, United States

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Greek Reporter

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World Spending in Military Reaches Record $2.4 Trillion in 2023

Greece maintains a defense budget of 3.7 percent of its GDP because of the threat from neighbouring Turkey. Credit: Hellenic Navy The world spent $2.4 trillion on military forces in 2023, the highest amount ever recorded by the Stockholm International Peace Research Institute (SIPRI). SIPRI has been monitoring military expenditures since 1949 and found in its annual report released on Monday that in 2023 they rose to 2.3 percent of the global gr…

1 year ago

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The Manila Times

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Conflicts push global military spending to all-time high – report

STOCKHOLM: Global military expenditure saw its steepest increase in over a decade in 2023, reaching an all-time high of $2.4 trillion as wars and rising tensions fueled spending across the world, researchers said Monday.Military spending rose across the globe, with particularly large increases in Europe, the Middle East and Asia, according to a new report by the Stockholm International Peace Research Institute (Sipri)."Total military spending is…

1 year ago·Manila, Philippines

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Hürriyet Daily News

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Türkiye among world’s top military spenders, shows report

Türkiye was among the world’s top military spenders in 2023, according to a new report by the Stockholm International Peace Research Institute (SIPRI).

1 year ago·Türkiye

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