The world has never spent so much on military muscle.
“Given the scale of U.S. spending, even a minor increase in percentage terms has a significant impact on the level of global military expenditure.”The real-terms increase in world military spending in 2022 was slowed by the effects of inflation, which in many countries soared to levels not seen for decades. In nominal terms , the global total increased by 6.5 percent.s military spending of $81.4 billion was the fourth highest in the world. It was 6.0 percent more than in 2021.
The think tank said military spending in Ukraine surged more than six times to $44bn in 2022, the highest single-year increase in a country’s military expenditure ever recorded in SIPRI data. Meanwhile Russian military spending grew by an estimated 9.2 percent in 2022 to around $86.4 billion. This was equivalent to 4.1 percent of Russia’s gross domestic product in 2022, up from 3.7 percent of GDP in 2021.
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