The United States spent the most money on military spending in 2022, specifically $877 billion. An amount greater than the sum of spending on their armies of the next ten countries on the list. Since 2015, the global military outlay has been increasing every year.
According to a report by the Stockholm International Peace Research Institute (SIPRI), all countries spent $2.24 trillion on armaments, 3.7% more than in 2021. The United States was followed by China ($292 billion), Russia ($86 billion), India ($81 billion) and Saudi Arabia ($75 billion).
The increase in spending by the Biden Administration - accounting for 39% of global outlays - is primarily due to military aid to Ukraine to combat the Russian invasion, according to SIPRI senior research fellow Dr. Nan Tian:
The increase in U.S. military spending in 2022 is largely explained by the unprecedented level of financial military assistance it provided to Ukraine. Given the magnitude of U.S. spending, even a minor increase in percentage terms has a significant impact on the level of global military spending.
Most of the increases in military spending occurred in Europe, as a direct consequence of the war in Ukraine. The aid to Kiev caused the European allies to increase their budget allocations. For its part, Moscow increased its spending by 9% compared to 2021.
Xi Jinping's communist regime increased its military budget by 4%, Beijing's 28th consecutive increase. India and Saudi Arabia close the top five of those who spend the most on this concept.
