Countries around the world spent a combined $2.24 trillion on their militaries last year. Many of the biggest increases came in Europe as countries responded to Russia's invasion of Ukraine.
$2.24 trillion on their militaries last year, a 3.7% increase on last year's previous record high when adjusted for inflation,Many of the biggest increases came in Europe as countries responded to Russia's invasion of Ukraine. The U.S. continued to top the chart, spending $877 billion on defense last year. That was more than the next 10 countries combined.
The rest of the top 15 is made up mainly of U.S. allies like the U.K. , Germany , Japan , South Korea , Australia and Israel . Military spending in Taiwan increased slightly last year but remains at just 1.6% of GDP despite growing fears of a Chinese invasion.
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