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Contents

SIPRI Yearbook 2023

SIPRI Yearbook 2023

5. Military expenditure and arms production

Chapter:
5. Military expenditure and arms production
Source:
SIPRI Yearbook 2023
Author(s):
Diego Lopes Da Silva

In an eighth consecutive year of growth, global military expenditure continued to reach new heights in 2022. The rise of 19 per cent over the decade 2013–22 and of 3.7 per cent in just one year pushed world military expenditure up to an estimated US$2240 billion, the highest level recorded in the SIPRI Military Expenditure Database (see section I). Despite the increase in 2022, the global military burden—world military expenditure as a share of world gross domestic product (GDP)—remained at 2.2 per cent because of a simultaneous growth in the world economy. Governments around the world spent an average of 6.2 per cent of their budgets on the military, or $282 per person.

Citation (MLA):
Da Silva, Diego Lopes. "5. Military expenditure and arms production." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2016. Web. 30 May. 2024. <https://www.sipriyearbook.org/view/9780198890720/sipri-9780198890720-chapter-005.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 30 May. 2024, from https://www.sipriyearbook.org/view/9780198890720/sipri-9780198890720-chapter-005.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 30 May. 2024, from https://www.sipriyearbook.org/view/9780198890720/sipri-9780198890720-chapter-005.xml
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