STOCKHOLM (AP) — Global military spending grew for the eighth consecutive year in 2022 to an all-time high of $2.24 trillion, with a sharp rise in Europe, chiefly due to Russian and Ukrainian expenditure, a Swedish think tank said Monday.
Spending globally increased by 3.7% in real terms, but military expenditure in Europe was up 13% — its steepest year-on-year increase in at least 30 years, the Stockholm International Peace Research Institute said in a report. Military aid to Ukraine and concerns about a heightened threat from Russia "strongly influenced many other states' spending decisions."
The independent Swedish watchdog said that last year, the three largest arms spenders were the United States, China and Russia, who between them accounted for 56% of global expenditure.
'The rise "is a sign that we are living in an increasingly insecure world," said Nan Tian, a researcher with SIPRI's Military Expenditure and Arms Production Program.
Several states significantly increased their military spending following Russia's invasion of Ukraine, while others announced plans to raise spending levels over periods of up to a decade. Some of the sharpest increases were seen in countries near Russia: Finland (36 %), Lithuania (27%), Sweden (12%) and Poland (11%).
Recommended for you
Both Sweden and Finland jointly applied for NATO membership in May 2022, abandoning decades of nonalignment in the wake of Russia's invasion of Ukraine. While Finland has been admitted, Sweden's bid to join NATO remains stalled by opposition from Turkey and Hungary.
"While the full-scale invasion of Ukraine in February 2022 certainly affected military spending decisions in 2022, concerns about Russian aggression have been building for much longer," said Lorenzo Scarazzato, a researcher with SIPRI's Military Expenditure and Arms Production Program.
"Many former Eastern bloc states have more than doubled their military spending since 2014, the year when Russia annexed Crimea."
Russia also has increased its military spending. SIPRI said that grew by an estimated 9.2% in 2022, to around $86.4 billion. That is equivalent to 4.1% of Russia's gross domestic product in 2022, up from 3.7% the previous year.
Established in 1966, SIPRI is an international institute dedicated to research into conflict, armaments, arms control and disarmament.
Keep the discussion civilized. Absolutely NO
personal attacks or insults directed toward writers, nor others who
make comments. Keep it clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. Don't threaten. Threats of harming another
person will not be tolerated. Be truthful. Don't knowingly lie about anyone
or anything. Be proactive. Use the 'Report' link on
each comment to let us know of abusive posts. PLEASE TURN OFF YOUR CAPS LOCK. Anyone violating these rules will be issued a
warning. After the warning, comment privileges can be
revoked.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.