Total global military expenditure reached $2443 billion in 2023, an increase of 6.8 per cent in real terms from 2022. This was the steepest year-on-year increase since 2009. The 10 largest spenders in 2023—led by the United States, China and Russia—all increased their military spending.
Authors
Nan Tian, Diego Lopes Da Silva, Xiao Liang, Lorenzo Scarazzato
- Published in
- Sweden
