Trends in World Military Expenditure, 2022
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.