War in Ukraine Pushes for Higher Global Military Spending: Swedish Think Tank

Ukrainian service members from a third separate assault brigade of the Armed Forces of Ukraine fire a howitzer D30 at a front line amid Russia's attack on Ukraine, near the city of Bakhmut, Ukraine, on April 23, 2023. Sofiia Gatilova/Reuters

Military spending worldwide has increased for an eighth consecutive year in 2022 to reach $2.2 trillion, levels never seen since the end of the Cold War, a Stockholm think tank said on April 24.

The military spending values were adjusted for inflation, and an increase of 3.7 percent compared to 2021 was observed, according to a statement from the Stockholm International Peace Research Institute (SIPRI). There was a 13 percent increase in spending in Europe.