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Global Defense Spending Over $2.5T in 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Global defense spending reports from recognized international organizations like SIPRI
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.
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