In the last three years, global military spending has increased by 10%, amounting to roughly $209 billion, as geopolitical instability prompts nations to enhance their defense capabilities. Major spenders like China, Germany, and Russia have all raised their military budgets by at least this average. Data from the Stockholm International Peace Research Institute highlights countries experiencing dramatic increases, including both Russia and Ukraine, with the latter's budget swelling ninefold since the onset of the conflict in 2022. This trend reflects greater military financing in response to ongoing international tensions.
Global military spending surged by 10%, or about $209 billion, from 2021 to 2023, with significant increases in countries like China and Germany.
Russia and Ukraine have seen drastic defense budget increases—Russia's by nearly 60% and Ukraine's ninefold, following the onset of their conflict.
#defense-spending #geopolitical-instability #military-budget #russia-ukraine-conflict #global-security
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