Ukraine war spurs record global spending on military: SIPRI report
- SIPRI report shows global military spending rose by 3.7 per cent in real terms in 2022 to US$2.24 trillion, a new high
- Think tank has the world’s most comprehensive collection of data on countries’ military spending
Global military spending rose to a record last year as Russia’s war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago, a leading conflict and armaments think tank said on Monday.
World military expenditure rose by 3.7 per cent in real terms in 2022 to US$2.24 trillion, the Stockholm International Peace Research Institute (SIPRI) said in a statement.
Russia’s invasion of Ukraine, which began in February last year following years of growing tensions, has prompted European countries to rush to bolster their defences.
Moscow says its “special military operation” was necessary to safeguard it against what it sees as a hostile and aggressive West. Ukraine and its Western allies say Russia is waging an unprovoked war aimed at grabbing territory.
European military spending shot up 13 per cent last year, primarily due to increases by Russia and Ukraine, but with many countries across the continent also ramping up military budgets and planning for more amid the surging tensions.
“This included multi-year plans to boost spending from several governments,” SIPRI Senior Researcher Diego Lopes da Silva said. “As a result, we can reasonably expect military expenditure in Central and western Europe to keep rising in the years ahead.”
