World Military Expenditure experienced their highest increase in 2024 after the end of the Cold War, reaching a total of $ 2.7 trillion, due to wars and conflicts across the world, a report by Sipri is released today. Their increase was recorded in particular in Europe and the Middle East, explains the International Institute of Studies for Peace, based in Stockholm. Military spending increased by 2024 by 9.4% at real prices compared to 2023; it was the 10th consecutive year that rose. Unprecedented Rise in Global Military Expenditure as European and Middle East Spending Surges. New #sipri Data on Global #Militaryspending out now.press release ➡️ https://t.co/B3V9TMM6Q7Fact Sheet ➡️ https://t.co/l7zedq0mto#gdams2025 #militaryExpenditure #Defensebudget… pic.twitter.com/vtjjhfzivz – sipri (@sipriorg) April 27, 2025 “This is true of SIPRI’s” Military Expenditure and Weapon Production “researcher. “It has no precedent. This is the greatest increase after the end of […]
Source: News Beast
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