Global military expenditure touches new peaks

In 2024, global military expenditure reached a record $2.443 trillion, a significant increase from the previous year. This surge was driven by increased spending in Europe and the Middle East, with countries like the United States, France, and the UK leading in defense spending.

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The United States remained the largest arms exporter, while Ukraine emerged as the largest importer, largely due to the conflict in Ukraine. Here's a more detailed breakdown:

Global Military Expenditure:

The Stockholm International Peace Research Institute (SIPRI) reported that global military spending in 2024 reached $2.443 trillion, the highest ever recorded by SIPRI. This was a significant increase from the previous year and the steepest year-on-year rise since 2009.

Leading Exporters: