Global defence spending grew 9% last year to reach US$2.2 trillion: Report
From Europe to Asia and beyond, the security environment is deteriorating, with the current military-security situation heralding what’s likely to be a more dangerous decade.
This is according to the latest annual assessment of global military capabilities and defence economics by the International Institute for Strategic Studies.
It added that the result has been an uptick in defence outlays, with global defence spending growing by 9 per cent to reach more than US$2 trillion in 2023. And it's poised to rise even further this year.
CNA's Jeremy Koh breaks down the details.
From Europe to Asia and beyond, the security environment is deteriorating, with the current military-security situation heralding what’s likely to be a more dangerous decade.
This is according to the latest annual assessment of global military capabilities and defence economics by the International Institute for Strategic Studies.
It added that the result has been an uptick in defence outlays, with global defence spending growing by 9 per cent to reach more than US$2 trillion in 2023. And it's poised to rise even further this year.
CNA's Jeremy Koh breaks down the details.
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