Published by: Stockholm International Peace Research Institute (SIPRI)
Date: 22 April 2024
Authors: Dr Nan Tian, Dr Diego Lopes da Silva, Xiao Liang and Lorenzo Scarazzato
World military expenditure increased for the ninth consecutive year in 2023, reaching a total of $2443 billion. The 6.8 per cent increase in 2023 was the steepest year-on-year rise since 2009 and pushed global spending to the highest level SIPRI has ever recorded. The world military burden—defined as military spending as a percentage of global gross domestic product (GDP)—increased to 2.3 per cent in 2023. Average military expenditure as a share of government expenditure rose by 0.4 percentage points to 6.9 per cent in 2023 and world military spending per person was the highest since 1990, at $306.
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