Total global military expenditure increased by 0.7 per cent in real terms in 2021, to reach $2113 billion. The five largest spenders in 2021 were the U.S., China, India, the UK and Russia, together accounting for 62 per cent of expenditure, according to new data on global military spending published by the SIPRI.
A SIPRI report said: https://countercurrents.org/2022/04/world-military-expenditure-passes-2-trillion-for-first-time-finds-sipri/
Military expenditure reaches record level in the second year of the pandemic
World military spending continued to grow in 2021, reaching an all-time high of $2.1 trillion. This was the seventh consecutive year that spending increased.
‘Even amid the economic fallout of the Covid-19 pandemic, world military spending hit record levels,’ said Dr Diego Lopes da Silva, Senior Researcher with SIPRI’s Military Expenditure and Arms Production Programme. ‘There was a slowdown in the rate of real-terms growth due to inflation. In nominal terms, however, military spending grew by 6.1 per cent.’
26/04/2022