Global military spending topped $2 trillion for the first time ever in 2021. That’s according to a new report by the Stockholm International Peace Research Institute. The United States spent over $800 billion — that’s more than the combined spending of the next nine nations, most of whom are U.S. allies. The report also shows the United States spent more than two-and-a-half times what China spent on its military and more than 10 times what Russia spent. The report also noted that nuclear-related spending was among the U.S. military budget items that saw the largest increases in 2021.
Global Military Spending Tops $2 Trillion; U.S. Outspends Next Nine Nations Combined
HeadlineApr 25, 2022