"Record High Global Military Spending Amid Tensions and Defense Boom"
TL;DR
Global military spending reached a record high of $2.24 trillion in 2022, marking the eighth consecutive year of spending growth, according to the Stockholm International Peace Research Institute. The war in Ukraine and tensions over China's military power are expected to continue to boost demand for weapons, contributing to the rise in military spending.
- Global Military Spending Hits Record Amid Ukraine War, China Tensions The Wall Street Journal
- US spent $877 billion on its military in 2022, 10 times what it spent on education Insider
- India fourth highest military spender, after U.S., China and Russia | Global spending at $2.24 MN Hindustan Times
- The Global Defense Spending Boom - WSJ The Wall Street Journal
- Global military spending reaches record high | DW News DW News
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