Global Military Spending Tops $2 Trillion For First Time In History

Global military expenditures surpassed $2 trillion for the first time ever last year, with the United States spending more on its war-making capacity than the next nine nations combined, according to new data published Monday.

The Stockholm International Peace Research Institute (SIPRI) reported an all-time high of $2.1 trillion in worldwide military spending for 2021, a 0.7% increase from 2020 levels and the seventh straight year of increased expenditures.

“Even amid the economic fallout of the Covid-19 pandemic, world military spending hit record levels,” SIPRI senior researcher Diego Lopes da Silva said in a statement. “There was a slowdown in the rate of real-terms growth due to inflation. In nominal terms, however, military spending grew by 6.1%.”

Tori Bateman, policy advocacy coordinator at the American Friends Service Committee, a Quaker group, said that “this year, we’ve seen how military spending fails to keep us safe. It’s shameful that governments, especially the United States, continue to destabilize our world with more weapons, while failing to address climate change, public health, and other true global crises.”

“It’s time for the United States, and world leaders everywhere, to cut military spending and commit to solving our problems for real,” she added.

With $801 billion—or 38% of total global military spending—the United States spent more in 2021 than the next nine nations combined: China ($293 billion), India ($76.6 billion), the United Kingdom ($68.4 billion), Russia ($65.9 billion), France ($56.6 billion), Germany ($56 billion), Saudi Arabia ($55.6 billion), Japan ($54.1 billion), and South Korea ($50.2 billion). – READ MORE