Global Defense Spending: Trends and Analysis
Defense spending is a key indicator of a nation's commitment to national security and the protection of its interests.
It includes expenditures on military personnel, weapons and equipment, research and development, and other related activities.
In recent years, global defense spending has been on the rise, fueled by geopolitical tensions and the need to modernize military capabilities.
This article will analyze the trends and patterns in global defense spending, highlighting the major players and their motivations.
1. The Rise of Global Defense Spending
Since the end of the Cold War, global defense spending has experienced a steady increase.
According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached $1.917 trillion in 2019, representing a 3.6% increase compared to the previous year.
