Global military spending saw its steepest spike in more than a decade, with the US vastly outspending everyone else

Tue, 04/23/2024 - 09:11

Gunners from Ukraine's 43rd Separate Mechanized Brigade and 155 mm self-propelled howitzer 2C22 — Ukrainian forces firing at a Russian position with a 155 mm self-propelled howitzer 2C22, in Kharkiv, Ukraine, on April 21, 2024.
ANATOLII STEPANOV/AFP via Getty Images

Global military spending in 2023 rose to the highest levels ever recorded, analysts said.
The Stockholm International Peace Research Institute said the spike was the steepest rise since 2009.
Europe, the Middle East, Asia, and Oceania saw particularly large increases, it said.

Global military spending surged by 6.8% in real terms in 2023 to reach $2443 billion — the highest level ever recorded, according to the Stockholm International Peace Research Institute.