Rising military spending in North America and Europe will be driven by both regions’ need to re-fill weapons and equipment stockpiles that have been heavily drained by their support for the Ukrainian war effort. In 2022, direct commercial sales from US defense contractors to governments surged b...
Part of these funds are then available for acquiring and sustaining naval equipment, and the market segments for naval ships and submarines are expected to experience an upward trend in military spending. Naval shipbuilders and their suppliers can use the assess...
Up in arms. (global military spending) (Beltway Bandits) (column)Corn, DavidMorley, Jefferson
As of April 2022, the Stockholm International Peace Research Institute (SIPRI) reported global military spending at $2113 billion in 2021, witnessing a modest 0.7% real-term increase. The top five spenders, including the United States, China, India, the United Kingdom, and Russia, collectively ...
"The recent growth in U.S. military spending is largely based on a perceived return to competition between the great powers," said Pieter D. Wezeman, Senior Researcher at SIPRI. Total global military expenditure rose to over 1.9 trillion dollars in 2019, according to the data from SIPRI. Th...
In 2023, the United States accounted for one fourth of the world's active military aircraft fleet.
According to the authors, allocating US$45 - $76 billion to protected areas annually – just 2.5% of the global annual military expenditure – could help adequately manage those areas, ensuring their potential contribution to the well-being of the planet is fully met. ...
Meanwhile, expenditure on peacebuilding and peacekeeping efforts totaled just $49.6 billion, less than 0.6% of total military spending. These are the most significant takeaways from the 2024 Global Peace Index, the world’s leading measure of global peace. Compiled by the international think-tank ...
Japan has recently officially adopted three key defense documents including a new version of the National Security Strategy, which proposes to build a so-called "counterstrike capability," a de facto pre-emptive attack capability, and will significantly increase military spending in the next five yea...
suchasmilitaryspending.TheGDPmeasurementmaybesupplementedorreplacedbyotheryardstickslikepeople’swell-being,health,andequality.Still,growthintheproductivecapacityofgoodsandservices(i.e.GDP)hashistoricallyhadastrongpositivecorrelationwiththesevariables. Inthiscontext,loweruseofresources,withtheaimtostopirreversibleenvironme...