Loading...
Market
Decrease in Defense Spending in Key Regions by End of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Annual defense spending reports from regional defense ministries or international defense agencies
Story
Global Defense Spending Hits Record $2.4T in 2023, Up Nearly 7% Since 2009
Apr 21, 2024, 10:34 PM
Global defense spending surged to a record $2.4 trillion in 2023, marking the largest year-on-year increase of nearly 7% since 2009. Driven by ongoing conflicts and rising geopolitical tensions, the growth was most pronounced in Europe, the Middle East, and Asia. This escalation in military expenditures reflects a response to security crises, pushing spending to its highest levels in a decade.
View original story
Similar markets
Europe • 25%
Middle East • 25%
East Asia • 25%
South Asia • 25%
North America • 20%
East Asia • 20%
Middle East • 20%
Europe • 20%
Africa • 20%
Europe • 25%
Middle East • 25%
Asia • 25%
Other • 25%
Yes, 1-3 countries • 33%
Yes, 4-6 countries • 33%
No reduction • 34%
