Get all your news in one place.
100's of premium titles.
One app.
Start reading
Al Jazeera
Al Jazeera
World
John T Psaropoulos

War, fear of war spur global military spending to new record: SIPRI report

An M109A7 Paladin self-propelled, 155mm howitzer takes part in a live fire exercise in Grafenwoehr, Germany [File: Leonhard Simon/Reuters]

The world spent $2.4 trillion on military forces last year, the highest amount ever recorded by the Stockholm International Peace Research Institute (SIPRI).

SIPRI has been monitoring military expenditures since 1949 and found in its annual report released on Monday that in 2023 they rose to 2.3 percent of the global gross domestic product (GDP) from 2.2 percent the year before.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.