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Global Military Spending Tops $2.89 Trillion as Europe and Asia Drive Gains

SIPRI warns the rise reflects active wars, with growth likely to continue.

Overview

  • SIPRI, which released its annual report Monday, says world military outlays rose 2.9% to $2.89 trillion, the highest since 2009 and equal to 2.5% of global GDP.
  • Europe posted a 14% jump to $864 billion as NATO states such as Germany and Spain passed 2% of GDP and spending kept climbing in Russia and Ukraine.
  • Asia‑Oceania rose 8.1% to $681 billion, with China at $336 billion up 7.4%, Japan up 9.7% to $62.2 billion, and Taiwan up 14% to $18.2 billion.
  • U.S. military spending fell 7.5% to $954 billion after no new Ukraine aid was approved, yet the United States still accounts for about one third of global outlays.
  • SIPRI projects further growth, noting Congress approved more than $1 trillion for U.S. defense in 2026 and a Trump proposal could raise 2027 to $1.5 trillion.