In 2022, global defense spending increased by 3.7% to reach $2.224 trillion, the highest level in the last eight years. This is evidenced by data from a study by the Stockholm International Peace Research Institute (SIPRI). DEA News.
At the same time, according to the Institute, global defense spending increased 19% from 2013 to 2022 and has continued to increase since 2015.
According to SIPRI, the USA, China, Russia, India and Saudi Arabia have the highest military defense spending. They accounted for about 63% of the world’s military-industrial complex spending.
The main reason for the increase in military spending is the conflict in Ukraine. In addition, the aid of the European states to Kiev and the increased spending of the Russian Federation forced some countries to revise their military budgets.
Thus, the military expenditure of the Russian Federation increased by 9.2 percent to $ 86.4 billion, the United States – increased by 0.7 percent to $ 877 billion, Ukraine – increased by 640 percent, making it the highest growth rate in a single country since 1949. Ukraine’s defense budget amounted to $44 billion.
As previously reported, the US selected A new $325 million military aid package to Ukraine.