Global military spending rose to $2.72 trillion in 2024 – up 9.4% on 2023, and the steepest year-on-year rise since the end of the Cold War, according to a new think tank report.
Global military spending rose to $2.72 trillion in 2024 – up 9.4% on 2023, and the steepest year-on-year rise since the end of the Cold War, according to a new report.
Data from a leading conflict think tank, the Stockholm International Peace Research Institute (SIPRI), indicates that expenditures increased most rapidly in the Middle East and Europe—the latter fuelled by the war in Ukraine and doubts over U.S. commitments to the NATO alliance.
