Global Military Spending Reaches Record $2.2 Trillion Amid Rising Conflicts

The International Institute for Strategic Studies reports a 9% increase in worldwide military expenditure in 2023, highlighting the impact of multiple global conflicts and strategic instability.

Worldwide military spending surged to a record $2.2 trillion in 2023, driven by conflicts such as Russia's invasion of Ukraine and military coups in Africa.
NATO member states now account for about 50% of global defense spending, with significant increases following Russia's annexation of Crimea.
Russia and China continue to boost their military budgets, with Russia's spending estimated at $108 billion and China increasing its defense spending for the 29th consecutive year.
Military aid to Ukraine faces political challenges in the U.S., with the Senate advancing $60 billion in assistance amid opposition from hard-right lawmakers.
The report warns that inflation and economic disruption have blunted the impact of increased defense spending, and European arms production struggles to meet wartime demand.

Deutsche Welle

Al Jazeera

South China Morning Post