World military spend climbs to $2.4 trillion in 2023: India takes 4th spot

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)

It’s not surprising that the US is the number one country on the list of countries that spent the most money on upgrading their defence forces. Let’s take a look at the top-10 countries with the highest military spending in 2023.
(Image: Reuters)

No 10. Japan | Total military expenditure: $50.2 billion | The Asian country’s total military expenditure in 2023 amounts to $50.2 billion (approx Rs 4.1 lakh crore). Compared to the figures of 2022, Japan’s military spend witnessed an increase of around 11%. (Image: Reuters)

No 9. France | Total military expenditure: $61.3 billion | The total military expenditure of France amounted to $61.3 in 2023. The European nation witnessed an increase of 6.5% compared to military expenses in 2022. (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)

Source: https://www.cnbctv18.com/photos/world/world-military-spending-climbs-to-2-4-trillion-in-2023-indian-army-rank-check-top-10-19400043-13.htm