Tag Archives | Global Military Spending

U.S. makes up c 40% of global military spending, 10x Russia, 3x China

Originally published: Geopolitical Economy Report on May 2, 2023 (more by Geopolitical Economy Report) |

The United States spent $877 billion on its military in 2022, nearly 40% of the global total, 10 times more than Russia ($86.4 billion), and three times more than China ($292 billion). The U.S. military budget is larger than the next 10 biggest spenders combined.
Global military spending reaches record $2,240 billion: SIPRI

Originally published: Al Mayadeen on April 24, 2023 by Agencies (more by Al Mayadeen) | (Posted Apr 25, 2023)

According to SIPRI, global military spending will reach a new record high of $2,240 billion in 2022.