Global military spending in 2023 rose to the highest levels ever recorded, analysts said.
All five of the institute's defined geographical regions saw rises in military spending for the first time since 2009, with Europe, the Middle East, Asia, and Oceania recording particularly large increases, it said.
This, in turn, has ramped up military spending.
It also highlighted Ukraine, which ranked eighth in terms of overall defense spending, following a 51% year-on-year increase.
At the same time, Israel saw its defense spending rise by 24% to reach $27.5 billion in 2023, mostly due to its large-scale offensive in Gaza, SIPRI's report found.
Persons:
—, SIPRI, Nan Tian, Diego Herrera Carcedo, Lorenzo Scarazzato, spender, Israel
Organizations:
Global, Stockholm International Peace Research Institute, Service, International Crisis, Getty, NATO
Locations:
Stockholm, Europe, East, Asia, Oceania, Ukraine, Gaza, Ethiopia, Myanmar, Bakhmut, Donetsk Oblast, Anadolu, China