The World's Top Military Spenders in 2022: Ranking

The World's Top Military Spenders in 2022:  Ranking

According to a yearly analysis from the Stockholm International Peace Research Institute (SIPRI), nations around the world spent $2.24 trillion on their militaries collectively last year, a 3.7% rise over the previous record high when adjusted for inflation.

The larger picture: As nations reacted to Russia's invasion of Ukraine, many of the biggest rises occurred in Europe. With $877 billion spent on the military in 2017, the United States maintained its lead in the rankings. That was more than the next ten nations put together.

Even after taking into account the estimated $20 billion in direct military aid to Ukraine, U.S. spending grew just a little over 2021. According to figures from SIPRI, China's military budget increased by 4% in what was Beijing's 28th straight year of increases. 

Russia spent $86 billion more last year, an increase of 9%. On SIPRI's annual list of the 40 highest spenders, Ukraine ($44 billion) increased expenditure by a staggering 640%, moving up from 36th to 11th place. Saudi Arabia ($75 billion) and India ($81 billion) were the next two largest spenders in 2022 relative to the previous year.

U.S. allies including the U.K. ($69 billion), Germany ($59 billion), Japan ($46 billion), South Korea ($46 billion), Australia ($32 billion), and Israel ($23 billion) make up the majority of the remaining top 15. with the exception of Ukraine (34%), in their armed forces.

The only countries that spend a higher proportion of GDP than the US (3.5%) were Russia (4.1%), Israel (4.5%), Algeria (4.8%), and Greece (3.7%).

On the other hand, sub-Saharan Africa accounted for less than 1% of global military spending and was the only region whose investment fell from 2021 levels.

Nigeria ($3.1 billion), the largest spender in the area, reduced spending by 38% after sharply boosting it in 2021 to confront militant organizations like Boko Haram. The majority of the government's discretionary spending went toward flood assistance last year.

The United States accounted for 91% of all military spending in the Americas last year, with other major nations like Mexico (0.6%) generally paying much less as a percentage of GDP than the worldwide average.

Global military spending has risen year since 2015 and, when adjusted for inflation, was 19% higher in 2017. One of the bigger recent year-over-year increases was the 3.7% increase in real terms.

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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