Europe’s Military Spending Highest Since Cold War, U.S. Tops The List, SIPRI Study Reveals

Total global military expenditure reaches $2.24 trln in 2022, SIPRI reveals Global military spending in 2022 increased by 3.7% in real terms reaching $2.24 trln with the highest increase in Europe over the past 30 years, according to a report by the Stockholm International Peace Research Institute (SIPRI) published on Monday. The U.S., China and Russia are in the top three in terms of global military expenditure with 56% of the world total. The situation in Ukraine and tensions in East Asia became the main growth factors with the sharpest rise in spending of 13% seen in Europe. “The continuous…