World Military Spending Tops $2.24 Trillion.

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World military spending grew for the eighth consecutive year in 2022, reaching a new high of $2240 billion. This 3.7% increase was largely driven by the conflict in Ukraine and rising tensions in East Asia, according to data from the Stockholm International Peace Research Institute (SIPRI). The top three spenders, the United States, China, and Russia, accounted for 56% of the global total.

The sharpest rise in military expenditure was observed in Europe, which saw a 13% increase in spending. The conflict between Russia and Ukraine significantly influenced the budgets of other European states. Additionally, heightened concerns over threats from Russia and tensions in East Asia have driven states to bolster their military strength in response to a deteriorating security environment.

For the first time since the Cold War, military spending by Central and Western European states surpassed 1989 levels, totaling $345 billion in 2022. Several countries, including Finland, Lithuania, Sweden, and Poland, announced significant increases in military spending in response to Russia's invasion of Ukraine. SIPRI researchers expect military spending in Central and Western Europe to continue rising in the coming years.

Russia's military spending increased by an estimated 9.2% in 2022, reaching around $86.4 billion. Ukrainian military expenditure, meanwhile, grew by an unprecedented 640% to $44.0 billion. Dr. Lucie Béraud-Sudreau, Director of SIPRI’s Military Expenditure and Arms Production Programme, suggested that Russia's invasion of Ukraine had cost the country far more than anticipated.

The United States remains the world's largest military spender, with $877 billion in 2022, accounting for 39% of global military spending.

In 2022 the USA allocated $295 billion to military operations and maintenance, $264 billion to procurement and research and development, and $167 billion to military personnel.

Despite high inflation levels, the US saw a 0.7% increase in military expenditure, driven in part by the $19.9 billion in financial military aid provided to Ukraine. 

Military spending in Asia and Oceania continued its upward trend, reaching a combined total of $575 billion. China, the world's second-largest military spender, allocated an estimated $292 billion in 2022, marking a 4.2% increase from the previous year. Japan's military spending rose by 5.9% to $46.0 billion, the highest level since 1960, in response to perceived growing threats from China, North Korea, and Russia.

Other notable developments include India's $81.4 billion military expenditure, Saudi Arabia's 16% increase to $75.0 billion, and Nigeria's 38% decrease to $3.1 billion. Military spending by NATO members totaled $1232 billion in 2022, a 0.9% increase from 2021.

The sharpest rise in military expenditure was observed in Europe, which saw a 13% increase in spending. The conflict between Russia and Ukraine significantly influenced the budgets of other European states. Additionally, heightened concerns over threats from Russia and tensions in East Asia have driven states to bolster their military strength in response to a deteriorating security environment.

For the first time since the Cold War, military spending by Central and Western European states surpassed 1989 levels, totaling $345 billion in 2022. Several countries, including Finland, Lithuania, Sweden, and Poland, announced significant increases in military spending in response to Russia's invasion of Ukraine. SIPRI researchers expect military spending in Central and Western Europe to continue rising in the coming years.

Russia's military spending increased by an estimated 9.2% in 2022, reaching around $86.4 billion. Ukrainian military expenditure, meanwhile, grew by an unprecedented 640% to $44.0 billion. 

The United States remains the world's largest military spender, with $877 billion in 2022, accounting for 39% of global military spending. Despite high inflation levels, the US saw a 0.7% increase in military expenditure, driven in part by the $19.9 billion in financial military aid provided to Ukraine.

Military spending in Asia and Oceania continued its upward trend, reaching a combined total of $575 billion. China, the world's second-largest military spender, allocated an estimated $292 billion in 2022, marking a 4.2% increase from the previous year. Japan's military spending rose by 5.9% to $46.0 billion, the highest level since 1960, in response to perceived growing threats from China, North Korea, and Russia.

Other notable developments include India's $81.4 billion military expenditure, Saudi Arabia's 16% increase to $75.0 billion, and Nigeria's 38% decrease to $3.1 billion. Military spending by NATO members totaled $1232 billion in 2022, a 0.9% increase from 2021.

[SIPRI Report]

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