In 2024, global military spending hit a record high of over $2.7 trillion, marking a 9.4% increase from the previous year, with over 100 countries boosting their budgets. The increase, the largest since the Cold War, is largely due to the ongoing conflicts in Ukraine and the Gaza Strip. Germany's military spending rose 28%, positioning it fourth globally and first in Western Europe for the first time since reunification. Other European nations, like Poland, also significantly increased their defense budgets, indicating a long-term trend of rising military expenditures in the region.
Global military spending in 2024 hit a peak of over $2.7 trillion, marking a 9.4% increase from the previous year, driven especially by Europe and the Middle East.
Germany's military expenditure increased by 28% in 2024, reaching $88.5 billion, placing it fourth globally, behind the US, China, and Russia, and the highest in Western Europe.
Collection
[
|
...
]