The Stockholm International Peace Research Institute (SIPRI) has produced the Global Military Expenditure Report for 2022. According to the research, global military spending has risen to an all-time high of $2240 billion.
The analysis also reveals that in 2022, the United Nations, China, and Russia were the top three spenders, accounting for 56% of all military spending worldwide. SIPRI released this information on April 24, 2023.
There are several variables contributing to this rise in military spending around the world, including political and economic ones. Let’s investigate the reasons for the rise in defence spending.
List Of Top 10 Military Spenders 2022
| S.No. | Countries | Military Spendings |
| 1. | United Nations | $877 Billion |
| 2. | China | $292 Billion |
| 3. | Russia | $86.4 Billion |
| 4. | India | $81.4 Billion |
| 5. | Saudi Arabia | $75 Billion |
| 6. | United Kingdom | $68.5 Billion |
| 7. | Germany | $55.8 Billion |
| 8. | France | $53.6 Billion |
| 9. | South Korea | $46.4 Billion |
| 10. | Japan | $46 Billion |
About Russia-Ukraine Crisis
The list indicates that a number of nations have made large investments that have led to a sharp rise in global military spending, which broke all previous records in 2022 with a total expenditure of $2240 billion.
With a 13 percent rise in military spending, Europe set the pace, followed by Russia and Ukraine. Additionally, the research shows that between 2013 and 2022, global military spending increased by 19 percent. A further indication of the threat posed by Russia, which has affected many nations’ purchasing decisions and heightened tensions in East Asia, is the financial and military assistance provided to Ukraine.
The steady and unchecked increase in military spending over the past few years, according to Dr Nan Tian, a Senior Researcher with SIPRI’s Military Expenditure and Arms Production Programme, is alarming since it shows that the globe is currently experiencing instability and insecurity.
Record Of The Highest Military Purchases
The combined military budget of Central and Western Europe in 2022 was $345 billion. Military spending in these regions surged dramatically after the end of the Cold War and the uprisings of 1989, rising by 30% from 2013. The situation in Ukraine has prompted a sharp rise in military spending decisions in Central and Western Europe, according to Dr Diego Lopes da Silva, a Senior Researcher with SIPRI’s Military Expenditure and Arms Production Programme.
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