Russian military spending costs $ 149 billion, Ukraine – $ 64.7 billion.
The Stockholm Institute for Peace Research (SIPRI) calculated that the world’s military spending in 2024 increased by 9.4% and exceeded 2.7 trillion dollars, or 2.5% of the global GDP. This is the largest annual growth from the end of the Cold War. Sipri indicates all state costs for the maintenance and administration of armed forces (including salary and further payment to military personnel), the purchase of weapons, the construction of military structures, military development and military development.
The greatest cost
60% of all military spending (more than 1.6 trillion dollars) fall into five top countries: USA, China, Russia, Germany and India. The United States remains headed to military costs: in 2024 they spent $ 997 billion on military purposes, or about 37% of all world military costs. In the second place a large margin is China – 314 billion dollars.
The greatest increase of military costs was recorded in Europe (by 17%) and the Middle East (by 15%).
Russian military spending costs $ 149 billion (38% growth compared to 2023 and double compared to 2015), Ukraine is $ 64.7 billion (growth of 2.9% compared to 2023). Ukraine military costs make up 34% of GDP, which makes our country The most diligent economy in the world. In the second place in this indicator is Israel with 8.8%. Russian economic military costs are 7.1% of GDP.
Europe
In Europe, Poland became the leader of the annual military spending (by 31% compared to 2023, up to $ 38 billion, 4.2% of GDP) and Germany (28%, up to 88.5 billion). Sweden in the first year of NATO membership increased military costs by 34% to $ 12 billion. Thus, it reached a 2% of the GDP, which is similar to the level of the lower threshold of the military burden.
Two European nuclear powers – the UK and France – increased military costs, respectively, by 2.8% to 81.8 billion dollars (sixth place in the world) and 6.1% to 64.7 billion (ninth area).
The Middle East
Increasing military costs by 58% recorded in Lebanon. In 2024, he managed to overcome the long -term political crisis and significantly reduce the influence of military groups, especially hizballs, who have experienced heavy losses in the war in Israel. However, in full number, Lebanon military costs remain small – $ 635 million (Israel is 46.5 billion). And mainly in the Middle East, Saudi Arabia spent $ 80.3 billion on military purposes.
At the same time, Iran’s military costs were reduced by 10%. Due to economic penalties and crisis, the country could not increase them, despite the tense relations with Israel and the USA.
Asia
China has increased military costs by 7%, up to 314 billion dollars (this is half of all military expenditures in the Asia-Pacific region); Taiwan – of 1.8%, up to 16.5 billion; Japan is 21%, up to 55.3 billion.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.