war spending

Record American Military Spending Tops Next 11 Countries Combined

Record American Military Spending Tops Next 11 Countries Combined

Global weapon expenditures hit a record $2.24 trillion in 2022, an increase of nearly 4%, according to the Stockholm International Peace Research Institute (SIPRI). The global watchdog found the trend was led by European countries returning to Cold-War spending levels, though the United States remained the world’s largest spender on war by far.

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