Global military spending rose by $2.4trn in 2023

The figure marks the sharpest year-on-year jump since 2009, according to Stockholm International Peace Research Institute Military spending is soaring across the globe, with particularly large increases recorded in Europe, the Middle East, and Asia, according to a new report by the Stockholm International Peace Research Institute (SIPRI) on Monday. Total global military expenditure was up 6.8% in real terms last year, reaching an all-time high of $2.4 trillion. The figure marks the steepest year-on-year increase since 2009, the report shows, with the top three spenders last year being the United States, China, and

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