SIPRI report on Trends in World Military Expenditure 2022 released

April 26, 2023

SIPRI report on Trends in World Military Expenditure 2022 released: A report on Trends in World Military Expenditure 2022, published by Stockholm International Peace Research Institute, stated that total global military expenditure increased by 3.7% in real terms in 2022 to reach a new high of $2240 billion.

April 2023 Current Affairs Quiz

The three largest spenders in 2022 are the USA, China, and Russia, accounting for 56% of the total world The US remains by far the world’s biggest military spender India’s spending of $81.4 billion was the fourth highest in the world.