{"id":30537,"date":"2023-04-24T17:20:46","date_gmt":"2023-04-24T17:20:46","guid":{"rendered":"https:\/\/one.sightlinemg.com\/federaltimes\/uncategorized\/2023\/04\/24\/global-military-spending-up-to-an-all-time-high\/"},"modified":"2026-08-08T14:57:19","modified_gmt":"2026-08-08T14:57:19","slug":"global-military-spending-up-to-an-all-time-high","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/federaltimes\/govcon\/2023\/04\/24\/global-military-spending-up-to-an-all-time-high\/","title":{"rendered":"Global military spending up to an all-time high"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">STOCKHOLM \u2014 Global military spending grew for the eighth consecutive year in 2022 to an all-time high of $2.24 trillion, with a sharp rise in Europe, chiefly due to Russian and Ukrainian expenditure, a Swedish think tank said Monday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spending globally increased by 3.7% in real terms, but military expenditure in Europe was up 13% \u2014 its steepest year-on-year increase in at least 30 years, the <a href=\"https:\/\/www.sipri.org\/\" target=\"_blank\">Stockholm International Peace Research Institute, or SIPRI<\/a>, said <a href=\"https:\/\/www.sipri.org\/media\/2023\/world-military-expenditure-reaches-new-record-high-european-spending-surges-0\" target=\"_blank\">in a report<\/a>. Military aid to Ukraine and concerns about a heightened threat from Russia \u201cstrongly influenced many other states\u2019 spending decisions.\u201d<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/militarytimes\/news\/your-military\/2022\/09\/23\/us-china-lead-list-of-top-defense-spenders-in-2021\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/AP22220673630710.jpg.jpg?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">US, China lead list of top defense spenders in 2021<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">The top five spenders accounted for 62 percent of the world\u2019s total military expenditures.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">The independent Swedish watchdog said that last year, the three largest arms spenders were the United States, China and Russia, who between them accounted for 56% of global expenditure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018The rise \u201cis a sign that we are living in an increasingly insecure world,\u201d said Nan Tian, a researcher with SIPRI\u2019s Military Expenditure and Arms Production Program.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Several states significantly increased their military spending following <a href=\"https:\/\/www.militarytimes.com\/flashpoints\/ukraine\/\" target=\"_blank\">Russia\u2019s invasion of Ukraine<\/a>, while others announced plans to raise spending levels over periods of up to a decade. Some of the sharpest increases were seen in countries near Russia: Finland (36 %), Lithuania (27%), Sweden (12%) and Poland (11%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Both Sweden and Finland jointly applied for NATO membership in May 2022, abandoning decades of nonalignment in the wake of Russia\u2019s invasion of Ukraine. While Finland has been admitted, Sweden\u2019s bid to join NATO remains stalled by opposition from Turkey and Hungary.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWhile the full-scale invasion of Ukraine in February 2022 certainly affected military spending decisions in 2022, concerns about Russian aggression have been building for much longer,\u201d said Lorenzo Scarazzato, a researcher with SIPRI\u2019s Military Expenditure and Arms Production Program.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMany former Eastern bloc states have more than doubled their military spending since 2014, the year when Russia annexed Crimea.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Russia also has increased its military spending. SIPRI said that grew by an estimated 9.2% in 2022, to around $86.4 billion. That is equivalent to 4.1% of Russia\u2019s gross domestic product in 2022, up from 3.7% the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Established in 1966, SIPRI is an international institute dedicated to research into conflict, armaments, arms control and disarmament.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Sweden-based watchdog says global military spending grew for the eighth consecutive year in 2022 to an all-time high of $2.24 trillion.<\/p>\n","protected":false},"author":7,"featured_media":106656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":12,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[12],"tags":[],"coauthors":[1304],"class_list":["post-30537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-govcon"],"acf":{"subheadline":"","legacy_arc_id":"EWNHEY4NB5AT7BAKXM5MZPTZDQ","arc_canonical_url":"\/news\/2023\/04\/24\/global-military-spending-up-to-an-all-time-high\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This site is optimized 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