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Al Jazeera
Al Jazeera
World

World military spending reaches all-time high of $2.24 trillion

SIPRI Ukraine Russia China United States
The full-scale invasion of Ukraine has helped drive the surge in defence spending [Libkos/AP Photo]

World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fuelled a sharp jump in military spending across Europe, according to a leading defence think tank.

Global spending rose for the eighth consecutive year, the Stockholm International Peace Research Institute (SIPRI) said on Monday in its annual report on global military expenditure.

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