Tag Archives: global military spending

otal global military expenditure increased by 3.7 percent in real terms in 2022, to reach a new high of $2240 billion. Military expenditure in Europe saw its steepest year-on-year increase in at least 30 years. The three largest spenders in 2022 — the United States, China and Russia — accounted for 56 percent of the world total, according to new …