The Stockholm International Peace Research Institute (SIPRI) launches its annual assessment of the state of armaments, disarmament and international security.
Total global military expenditure reached $2443 billion in 2023, an increase of 6.8 per cent in real terms from 2022.
States in Europe almost doubled their imports of major arms (+94 per cent) between 2014–18 and 2019–23, according to new data on international arms transfers published by the Stockholm International Peace Research Institute (SIPRI).
Revenues from sales of arms and military services by the 100 largest companies in the industry totalled $597 billion in 2022, 3.5 per cent less than 2021 in real terms.
Total global military expenditure increased by 3.7 per cent in real terms in 2022, to reach a new high of $2240 billion.
Imports of major arms by European states increased by 47 per cent between 2013–17 and 2018–22, while the global level of international arms transfers decreased by 5.1 per cent.
Sales of arms and military services by the 100 largest companies in the industry reached $592 billion in 2021, a 1.9 per cent increase compared with 2020 in real terms.
