A large increase in global defence spending. Analysts point to Europe and the mediate East

According to the analysis the value of specified expenditure has increased in 2024, 10th year in a row, au 2 trillion $718 billion. They are liable in particular increased by 17% in Europe, including Russia.

As estimated, Kremlin military investments last year amounted to $149 billion, which means 38% increase compared to 2023 and this is twice as much as in 2015. It was 7.1% of Russia's GDP and 19% of all Russian public spending. In case of Ukraine military expenditure amounted to 34 percent of the country's GDP.

"Russia has rapidly increased military spending, deepening the advantage over Ukraine. presently Kiev spends all its taxation revenues on defence, the challenge will be to further increase this kind of investment," stressed SIPRI analyst Diego Lopez da Silva.

Defense spending. Europe is armed. Analysts indicate Germany and Poland

A study published on Monday noted that in many countries of Central and Western Europe Military spending is expanding at an unprecedented rate. In case of Germany defence spending has increased over the last year by 28 percent. au $88.5 billion.

In Poland by 31 percent to 38 billion dollars, which represented 4.2% of Polish GDP.

SEE: Andrzej Duda wants to increase NATO's defence spending. ‘I have applied’

"The latest guidelines adopted by the German authorities (a defence fund worth EUR 100 billion – ed.) and respective another European countries show that Europe has entered a period of advanced and rising military spending. This trend is likely to proceed in the foreseeable future," says SIPRI expert Lorenzo Scarazzato.

U.S. planet leader. China dominates Asia

According to the analysis, expenditure United States for military purposes increased between 2023 and 2024 by 5.7 percent to $ 997 billionWhat was 66% of NATO full expenditure and 37% of NATO full expenditure globally. A crucial part of the budget was earmarked for the modernisation of the American atomic arsenal to keep a strategical advantage over Russia and China.

SEE: The EC Chief announces the launch of a “special clause”. Against the background of defence spending

Authorities China increased its military spending by 7%, to $314 billion, which means the 3rd decade of growth. The Central State is liable for 50% of all defence expenditure in Asia and Oceania.

On Middle East specified investments have grown 15 percent, a for Israel by 65% – this is the strongest yearly increase since the 1967 Six-Day War. Military expenditure Iran fell by 10%., despite its engagement in regional conflicts. That was affected by sanctions.

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