Tag: SIPRI
Global military expenditure hits record high with surge in European spending
Global military spending has hit a new high of $2240 billion, with Europe experiencing its largest year-on-year increase in military expenditure in…
2021 saw the world spend over $2 trillion on military for…
World military spending continued to grow in 2021, reaching an all-time high of $2.1 trillion, according to SIPRI.
Global military spending reached almost $2 trillion in 2020
The 2.6 per cent increase in world military spending came in a year when global gross domestic product (GDP) shrank by 4.4 per cent due to Covid-19.