In 2023, global military expenditure surged for the ninth consecutive year, reaching a total of $2443 billion. This marked an impressive 6.8% increase from the previous year, the highest year-on-year rise since 2009. This sudden spike in spending propelled global military expenditure to an all-time high, as recorded by SIPRI.
The world military burden, defined as military spending as a percentage of global GDP, rose to 2.3% in 2023. Furthermore, the average military expenditure as a share of government expenditure increased by 0.4 percentage points to 6.9% in 2023. Remarkably, world military spending per capita reached its highest level since 1990 at $306.
The primary driver behind this sharp increase in global military spending was the ongoing conflict in Ukraine and rising geopolitical tensions in regions such as Asia and Oceania, and the Middle East. Military expenditure saw a significant rise across all five geographical regions, with substantial increases observed in Europe, Asia and Oceania, and the Middle East.
A recent SIPRI Fact Sheet provides insights into trends in military expenditure for 2023 and the decade spanning from 2014 to 2023. The data used in this report supersedes all previously published military spending data by SIPRI and is sourced from the updated SIPRI Military Expenditure Database.
On Friday, May 17th, the 5th-grade students at North Central in Pioneer had a special…
As summer approaches, the Central Michigan District Health Department is providing tips to ensure the…
Meta, the parent company of Facebook and Instagram, is under investigation by the European Commission…
Northwest Arkansas Newspapers LLC holds all rights to the article. Any attempt to reprint it…
In the upcoming Paris Olympic Games, Ryuju Nagayama will be representing Japan in the -60kg…
Xujing Town in Qingpu District is working to improve the procurement capabilities of businesses in…