SIPRI Yearbook 2023
I. Global developments in military expenditure, 2022
Global military expenditure continued to rise in 2022 to reach a total of US$2240 billion.1 The growth of 3.7 per cent continued an eight-year streak of increases that remained unbroken even amid the Covid-19 pandemic-related economic downturn. Indeed, world military expenditure grew by 19 per cent between 2013 and 2022 (see table 5.1, end of this section). The war in Ukraine was a major driver of global military expenditure in 2022. Most European countries, some of which were already among the world’s largest spenders, made increases to military spending in 2022 and announced plans for further rises in 2023 and beyond. Increases in parts of Asia and Oceania also contributed to the global growth in 2022.
- Citation (MLA):
- Da Silva, Diego Lopes. "5. Military expenditure and arms production." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2016. Web. 17 Jan. 2025. <https://www.sipriyearbook.org/view/9780198890720/sipri-9780198890720-chapter-005-div1-002.xml>.
- Citation (APA):
- Da Silva, D. (2016). 5. Military expenditure and arms production. In SIPRI, SIPRI Yearbook 2023: Armaments, Disarmament and International Security. Oxford: Oxford University Press. Retrieved 17 Jan. 2025, from https://www.sipriyearbook.org/view/9780198890720/sipri-9780198890720-chapter-005-div1-002.xml
- Citation (Chicago):
- Da Silva, Diego Lopes. "5. Military expenditure and arms production." In SIPRI Yearbook 2023: Armaments, Disarmament and International Security, SIPRI. (Oxford: Oxford University Press, 2016). Retrieved 17 Jan. 2025, from https://www.sipriyearbook.org/view/9780198890720/sipri-9780198890720-chapter-005-div1-002.xml
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