The UK was 2022’s biggest spender in the region at $68.5 billion, according to Stockholm International Peace Research Institute.
Europe’s military expenditure saw its sharpest year-on-year increase in at least 30 years in 2022, driven by the conflict in Ukraine, according to the Stockholm International Peace Research Institute’s (SIPRI) latest annual report. Meanwhile, total global military expenditure was up 3.7% in real terms, reaching a new height of $2.24 trillion.
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