Global Military Spending Reached a Record $2.4 Trillion Last Year: Study

The Fiscal Times— Yuval RosenbergApril 23, 2024We told you earlier this month that global defense spending had reached a record $2.2 trillion last year. A study

Zero Hedge—Global Military Spending Hits All-Time High Of $2.4 Trillion. 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.

Responsible Statecraft—Who needs butter when you got guns? World arms spending reaches $2.5 trillion. Total military spending by nations reached a record high of $2.443 trillion in 2023, according to a new report released Monday by the Stockholm International Peace Research Institute, or SIPRI.Across the globe, military expenditures increased by 6.8% in real terms over 2022, the steepest rise since 2009, according to the Swedish think tank which has tracked the military spending by countries based on open sources since the 1960s. Every region saw an increase, but Europe, Asia and Oceania, and...