Global Military Spending Hits All-Time High Of $2.4 Trillion
by Zero Hedge
Zero Hedge— Global Military Spending Hits All-Time High Of $2.4 Trillion By Tim Martin at BreakingDefense Global military expenditure surged to a record $2.44 trillion in 2023, the largest year-on-year rise on weapons spending since 2009, according to a new Stockholm International Peace Research Institute (SIPRI) report. The report, published today, said that the new figure is an “all time high,” equivalent to a 6.8 percent increase on spending in 2022 and marking the ninth consecutive...
Breaking Defense—Global military spending hits ‘all-time high’ of $2.4 trillion: SIPRI report. The US remains the world’s largest defense spender, outlaying $916 billion last year, a 2.3 percent annual increase, ahead of China in second place, which spent an estimated $296 billion, a 6 percent increase over the same period.
The Fiscal Times—Global Military Spending Reached a Record $2.4 Trillion Last Year: Study. Yuval RosenbergApril 23, 2024We told you earlier this month that global defense spending had reached a record $2.2 trillion last year. A study
CNBC—Global military spending hit all-time high in 2023 after 7% jump, report finds. Global military spending reached a fresh record high in 2023, totaling $2.4 trillion, a report by the Stockholm International Peace Research Institute said.