On April 28th, a report released by the Stockholm International Peace Research Institute (SIPRI) showed that global military spending reached $2.72 trillion in 2024, an increase of 9.4% from 2023 and the largest year-on-year increase since the end of the Cold War. Among them, the US military expenditure increased by 5.7%, reaching 997 billion US dollars, accounting for 66% of NATO’s total military expenditure and 37% of the world’s military expenditure in 2024. In addition, the Russia-Ukraine conflict and doubts about the US commitment to NATO led to a 17% increase in European military spending.
Scan code to share