The total global military expenditure in 2023 witnessed a 6.8% surge compared to 2022, which is the highest year-on-year increase since 2009. In dollar terms, countries spent as much as $2.4 trillion, which is much more than the total GDP of some countries. (Image: PTI)
The top 10 countries splurged a whopping $1.7 trillion on their armies in 2023, according to latest data provided by the Stockholm International Peace Research Institute (SIPRI). (Image: PTI)
(Image: Reuters)
No 8. Ukraine | Total military expenditure: $64.8 billion | Following two years of war with neighbouring Russia, the military expenses of Ukraine increased by a massive 51%. The country’s total military expenditure of 2023 amounted to $64.8 billion. (Image: Reuters)
No 7. Germany | Total military expenditure: $66.8 billion | In 2023, Germany spent a whopping $66.8 billion on its armed forces. Compared to figures of 2022, the military expenditure of the European nation increased by 9%. (Image: Reuters)
