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Al Jazeera

World

John T Psaropoulos

Europe leads global defence spending rise, awakening to security deficit

European Union Europe Seth Krummrich Al Jazeera Deficit United States SIPRI Ukraine

A Ukrainian serviceman near an Archer self-propelled howitzer as it is fired towards Russian troops in the Zaporizhia region [File: Anatolii Stepanov/Reuters]

Europe led a record international rise in defence spending last year, according to a report from the Stockholm International Peace Research Institute (SIPRI).

European expenses rose in real terms by 17 percent to $693m, spearheading a global rise of 9.4 percent to $2.7 trillion, marking the highest level of defence spending since the fall of communism in Europe.

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