Overview

• The United States accounted for 37% of global military spending, with $997 billion allocated in 2024.
• Germany's defense budget rose by 28% to $88.5 billion, making it the fourth-largest globally and the highest in Western and Central Europe since reunification.
• Russia increased its military expenditure by 38% to $149 billion, while Ukraine spent 34% of its GDP on defense, the highest share worldwide.
• Israel's defense budget jumped 65% to $46.5 billion, its largest annual rise since 1967, due to ongoing conflicts in Gaza and with Hezbollah.
• Over 100 countries increased defense budgets, often cutting social, health, and climate programs, raising concerns about long-term societal impacts.