Global military spending saw its steepest spike in more than a decade, with the US vastly outspending everyone else

Global military spending hit record highs of $2443 billion in 2023, according to the Stockholm International Peace Research Institute, due to wars.

By: Business Insider

May 16 2024
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Global military spending saw its steepest spike in more than a decade, with the US vastly outspending everyone else

Ukrainian forces firing at a Russian position with a 155 mm self-propelled howitzer 2C22, in Kharkiv, Ukraine, on April 21, 2024.ANATOLII STEPANOV/AFP via Getty Images

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Global military spending saw its steepest spike in more than a decade, with the US vastly outspending everyone else

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