Global military spending rose 9.4% to $2.7 trillion in 2024, the largest increase in the year since the end of the Cold War, according to data compiled by the Global Security Think Tank Institute for International Peace. Sipri said European spending, including Russia, is an important factor in the surge in global spending.

Collective spending in European countries rose 17% to $693 billion in the ongoing war in Ukraine, according to the organization.

Military spending in the Russian government increased by 38%, estimated at $149 billion last year, while military spending in Ukraine increased by 2.9% to $64.7 billion. According to Sipri, Ukraine's spending accounts for 34% of the country's GDP, the largest military spending in any country's GDP percentage last year.

"Russia once again greatly increases military spending, widening the expenditure gap with Ukraine," said Diego Lopes da Silva, senior researcher at SIPRI. "Ukraine currently allocates all its taxes to the military. In such a close fiscal space, it will be a challenge for Ukraine to continue to increase its military spending."

all NATO member states Their military spending has also increased, with 18 countries spending at least 2% of their GDP during 2024, which Sipri said was the largest number of NATO members, as the coalition used it as a spending guide in 2014.

"The rapid increase in spending among NATO members in Europe is mainly due to the ongoing threat from Russia and concerns about possible disengagement within the alliance," said Jade Guiberteau Ricard, another SIPRI researcher. "It is worth mentioning that promoting spending alone does not necessarily translate into ability or independence from the United States. It is a more complex task."

exist middle EastIsrael and Lebanon have greatly increased their military spending. Israel increased its defense investment by 65% ​​to $46.5 billion, while Lebanon's defense investment increased by 58% to $635 million.

"Although there are widespread expectations that many Middle Eastern countries will increase their military spending by 2024, the main increase is limited to Israel and Lebanon," said Sipri researcher Zubaida Karim. "Other places (in the region), either the state has not significantly increased spending on the Gaza war or has prevented such spending due to economic restrictions."

Sipri said Iran's military spending actually fell 10% to $7.9 billion, although Participate in regional conflicts.

U.S. military spending rose 5.7% to $997 billion, accounting for 66% of NATO spending in 2024 and 37% of global military spending.

China Sipri said the second largest military stock last year after the United States, accounting for half of all military spending in Asia and Oceania. China increased its spending by 7% to $314 billion.

"Major military spenders in the Asia-Pacific region are increasingly investing resources into advanced military capabilities," said Nan Tian, ​​director of Sipri Military Expenditure and Arms Production Program. "There are several Unresolved disputes and installation tensionsthese investments have the potential to put the region in a dangerous weapon spiral. ”