{"id":69558,"date":"2025-04-29T09:06:47","date_gmt":"2025-04-29T09:06:47","guid":{"rendered":"https:\/\/one.sightlinemg.com\/defensenews\/uncategorized\/2025\/04\/29\/global-arms-spending-made-biggest-post-cold-war-jump-in-2024-report\/"},"modified":"2026-08-08T01:21:04","modified_gmt":"2026-08-08T01:21:04","slug":"global-arms-spending-made-biggest-post-cold-war-jump-in-2024-report","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/defensenews\/global\/2025\/04\/29\/global-arms-spending-made-biggest-post-cold-war-jump-in-2024-report\/","title":{"rendered":"Global arms spending made biggest post-Cold War jump in 2024: Report"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">THE HAGUE, Netherlands \u2014 Global military spending surged to an unprecedented $2.72 trillion in 2024, jumping 9.4% from the previous year and marking the steepest annual increase since the end of the Cold War.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Stockholm International Peace Research Institute reported the stark increase in its <a href=\"https:\/\/www.sipri.org\/sites\/default\/files\/2025-04\/2504_fs_milex_2024.pdf\" rel=\"\">highly anticipated annual report<\/a>, which was released on Monday. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It marks the tenth consecutive year of growth in worldwide military spending and was driven by heightened geopolitical tensions across all regions, with particularly rapid growth in Europe and the Middle East amid ongoing conflicts in Ukraine and Gaza.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overall, 2.5% of the combined global economic power was spent on the military last year, SIPRI researchers determined. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOver 100 countries around the world raised their military spending in 2024,\u201d said Xiao Liang, researcher with SIPRI\u2019s Military Expenditure and Arms Production Programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs governments increasingly prioritize military security, often at the expense of other budget areas, the economic and social trade-offs could have significant effects on societies for years to come,\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The United States maintained its position as the world\u2019s dominant military spender at $997 billion, accounting for 37% of global expenditure. China followed at an estimated $314 billion, with Russia ($149 billion), Germany ($88.5 billion), and India ($86.1 billion) rounding out the top five. Together, these nations accounted for 60% of worldwide military spending. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">NATO members collectively spent $1.51 trillion on their militaries, accounting for more than half (55%) of global expenditures. Eighteen of the alliance\u2019s 32 members met or exceeded the 2% of GDP spending target that NATO leaders committed to in 2014, up from 11 members in 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Russia\u2019s military expenditure surged by 38% compared to 2023, reaching an estimated $149 billion &#8211; double what it spent in 2015. This figure represented 7.1% of Russia\u2019s GDP and 19% of its total government expenditure. Israel\u2019s spending was 65% higher than in 2023, while Poland, already a top NATO spender, invested 31% more. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ukraine ranked as the eighth largest military spender globally with expenditures of $64.7 billion &#8211; a staggering 34% of its GDP, the highest military burden of any country in 2024. In the light of Russia\u2019s full-scale invasion of the country, which commenced in February 2022 and came after more limited incursions in 2014, Kyiv has found itself in dire need of extensive and rapid armament. Its 2024 defense spending was 1,251% higher than it had been a decade ago, SIPRI calculated. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cUkraine currently allocates all of its tax revenues to its military,\u201d said Diego Lopes da Silva, senior researcher with the SIPRI Military Expenditure and Arms Production Programme. \u201cIn such a constrained fiscal environment, it will be difficult for Ukraine to continue to raise its military expenditures.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ukraine\u2019s neighbors are also beefing up their war machines, with European military spending rising by 17% to $693 billion, pushing the continent\u2019s defense budgets beyond Cold War-era levels. Germany emerged as Western Europe\u2019s number one military spender for the first time since reunification, with expenditures rising 28% year over year to $88.5 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Middle East, rocked by the first direct military exchange between Israel and Iran as well as Israel\u2019s ongoing war in Gaza, saw substantial increases. Israel\u2019s military spending jumped to $46.5 billion amid its war in Gaza and conflict with Hezbollah, a value representing 8.8% of the country\u2019s GDP.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, China continued its 30-year streak of consecutive annual increases in military spending, as it continued its saber-rattling toward Taiwan. Beijing\u2019s spending now stands 59% higher than it did a decade ago. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Japan\u2019s military expenditure also grew by a staggering 21% in the past year to a sum total of $55.3 billion, marking its biggest annual increase since 1952.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWith several unresolved disputes and mounting tensions, these investments risk sending the region into a dangerous arms-race spiral,\u201d said Nan Tian, director of SIPRI\u2019s Military Expenditure and Arms Production Programme, of Asia. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last year, the world spent $334 on the military per capita, the highest level since the end of the Cold War. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SIPRI report warned that many countries\u2019 pledges to increase military spending further will lead to critical questions about fiscal sustainability and resource allocation away from social and development priorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Money for weapons flows amply as the world contends with wars and 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