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Global military spending climbed 7% in 2023 amid conflicts, think-tank SIPRI says

Posted on AllSides April 23rd, 2024
From The Center
REUTERS/Yves Herman/File Photo

Global military expenditure grew 7% to $2.43 trillion in 2023, the steepest annual rise since 2009 as international peace and security deteriorated, a leading think-tank said on Monday,

The Stockholm International Peace Research InstitNATO spending target ute (SIPRI) said in a statement the United States, China and Russia were the top spenders in 2023.

Nan Tian, senior researcher at SIPRI's Military Expenditure and Arms Production Programme, said: "States are prioritising military strength but they risk an action–reaction spiral in the increasingly volatile geopolitical and security landscape."

SIPRI said Russia raised...

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https://www.reuters.com/world/growth-global-military-spending-accelerated-2023-think-tank-sipri-says-2024-04-22/

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