USA tops the list
Global military spending at a new high
Global military spending has once again reached an all-time high. For the ninth time in a row, the figures have exceeded the previous year's spending, according to a new report published on Monday by the Stockholm International Peace Research Institute (SIPRI).
According to the report, inflation-adjusted spending in 2023 rose by 6.8 percent to 2.44 trillion US dollars (around 2.28 trillion euros) - the largest year-on-year increase since 2009.
In 2022, it was still 2.24 trillion dollars (around 2.04 trillion euros). The ten largest donors have all significantly increased their spending. The USA remains unbeaten at the top. At 916 billion US dollars (just under 859 billion euros), it alone accounted for more than a third (37 percent) of global military spending - around three times as much as second-placed China with an estimated 296 billion dollars. Together, these two countries alone accounted for around half of global spending in 2023.
Russia ranked third, followed by India and Saudi Arabia, as in 2022. Germany once again ranked seventh among the countries with the highest spending - just behind the UK. Global military expenditure corresponded to 2.3 percent of global gross domestic product.
World feels less secure
One of the main reasons for the repeated increase is the war between Russia and Ukraine. "All the regions we map have increased. This gives us a perspective of a world that feels less safe and perhaps resorts to harsh security measures rather than diplomatic means," SIPRI researcher Lorenzo Scarazzato told the German Press Agency. A country perceives tensions and instability and therefore prefers to seek hard security rather than diplomatic means, so may invest more in military spending.
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