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World military spending up to an all-time high - Watchdog
AI In-brief 13 Sept 08:54

World military spending up to an all-time high - Watchdog

  • Global military spending soared to an unprecedented $2.24 trillion in 2022, marking the eighth consecutive year of increase.
  • Europe experienced a dramatic 13% surge in military expenditure—its steepest in 30 years—primarily fueled by the war in Ukraine and escalating concerns over Russian aggression.
  • The United States, China, and Russia collectively dominated global spending, accounting for 56% of the total.
  • This significant rise reflects an increasingly insecure world, prompting various states, especially those near Russia, to substantially boost their defense budgets and pursue NATO membership.
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