The world has never spent so much on military muscle. Figures released Monday show $2.24 trillion was outlaid globally in 2022 with Europe leading the way due to Ukraine’s demands for continued supplies of battlefield hardware.
Spending overall rose for the eighth consecutive year, the Stockholm International Peace Research Institute (SIPRI) said in its annual report on global military expenditure.
There was a 13 percent rise in Europe, the steepest in at least 30 years, coming on the back of the Russian invasion of Ukraine and broader insecurity around the world.
Some of the sharpest increases were seen in Finland (+36 percent), Lithuania (+27 percent), Sweden (+12 percent) and Poland (+11 percent).
“The continuous rise in global military expenditure in recent years is a sign that we are living in an increasingly insecure world,” Nan Tian, senior researcher with SIPRI’s Military Expenditure and Arms Production Programme, said.
WATCH: GOP Rep. Garcia — Ukraine Aid…
