According to the Stockholm International Peace Research Institute (SIPRI), global defense spending reached a record $2.718 trillion in 2024, an increase of 9.4 percent compared to 2023. More than 100 countries increased their military budgets.
The war in Ukraine and the change in the United States's position as a NATO ally caused an increase in military spending in Europe.
Russia's spending increased by 38 percent to $149 billion, twice as much as in 2015.
In Ukraine, the defense budget amounted to $64.7 billion, or 34% of GDP, the highest figure in the world.
In the United States, spending increased by 5.7 percent to $997 billion, 37 percent of global military spending.
