Trends in world military expenditure, 2022 / [electronic resource] Nan Tian, Diego Lopes da Silva, Xiao Liang, Lorenzo Scarazzato, Lucie Béraud-Sudrea, Ana Carolina de Oliveira Assis

"April 2023".

SIP2323

World military expenditure rose by 3.7 per cent in real terms in 2022, to reach a record high of $2240 billion. Global spending grew by 19 per cent over the decade 2013–22 and has risen every year since 2015. Russia’s invasion of Ukraine was a major driver of the growth in spending in 2022. Military expenditure in Europe rose by 13 per cent during the year, which was the largest annual increase in total European spending in the post-cold war era. The exceptional growth was largely accounted for by substantial increases in Russian and Ukrainian spending, but many other European countries boosted their military budgets in 2022. Spending increases in parts of Asia and Oceania also contributed to the global growth in 2022.
This SIPRI Fact Sheet examines key regional and national military expenditure data for 2022 and trends over the decade 2013–22. The data, which replaces all military spending data previously published by SIPRI, comes from the updated SIPRI Military Expenditure Database.