London Daily

Focus on the big picture.
Sunday, Jul 05, 2026

World military spending hits all-time high, tops $2 trillion

World military spending hits all-time high, tops $2 trillion

The US, China, India, UK and Russia were the top five defence spenders, according to new data by defence think tank SIPRI.

The global military expenditure has reached an all-time high, passing $2 trillion in 2021, according to a report by a leading defence think-tank based in Sweden, as spending increased for the seventh consecutive year.

The United States, China, India, the United Kingdom and Russia were the top five defence spenders, together accounting for 62 percent of the global expenditure, according to new data published on Monday by the Stockholm International Peace Research Institute (SIPRI).

“In 2021 military spending rose for the seventh consecutive time to reach $2.1 trillion. That is the highest figure we have ever had,” Diego Lopes da Silva, senior researcher at SIPRI, told AFP news agency.

Despite the economic fallout of the global COVID pandemic, countries around the world increased their arsenals, with global military spending rising by 0.7 percent last year, according to SIPRI.

Russia, which invaded Ukraine on February 24, saw its spending grow by 2.9 percent – the third year of consecutive growth – to $65.9bn.

Russia, which invaded Ukraine on February 24, saw its spending grow by 2.9 percent


Defence spending accounted for 4.1 percent of Russia’s gross domestic product (GDP), “much higher than the world average”, and made Moscow the fifth largest spender in the world, Lopes da Silva said.

In 2014, when Russia annexed Crimea, the country was also targeted with sanctions at the same time as energy prices fell, making it difficult to gauge how effective sanctions were on their own.

On the other side, Ukraine’s military spending has risen by 72 percent since the annexation of Crimea. While spending declined by more than eight percent in 2021 to $5.9bn, it still accounted for 3.2 percent of Ukraine’s GDP.

NATO countries step up spending


As tensions have increased in Europe, more NATO countries have stepped up spending.

Eight member countries last year reached the targeted two percent of GDP for spending, one fewer than the year before but up from only two in 2014, SIPRI said.

Lopes da Silva said he expected spending in Europe to continue to grow.

The US, which far outspent any other nation with $801bn, actually went against the global trend and decreased its spending by 1.4 percent in 2021.


Over the past decade, US spending on research and development has risen by 24 percent while arms procurement has gone down by 6.4 percent.

While both decreased in 2021, the drop in research was not as pronounced, highlighting the country’s focus “on next-generation technologies”.

“The US government has repeatedly stressed the need to preserve the US military’s technological edge over strategic competitors,” Alexandra Marksteiner, another researcher at SIPRI, said in a statement.

China, the world’s second largest military spender at an estimated $293bn, boosted its expenditure by 4.7 percent, marking the 27th straight year of increased spending.

The country’s military buildup has in turn caused its regional neighbours to beef up their military budgets, with Japan adding $7bn, an increase of 7.3 percent – the highest annual increase since 1972.

Australia also spent four percent more on its military, reaching $31.8bn in 2021.

India, the world’s third largest spender at $76.6bn, also increased funding in 2021, but by a more modest 0.9 percent.

The UK took the number four spot, with a three percent increase in military spending to $68.4bn, replacing Saudi Arabia which instead decreased spending by 17 percent to an estimated $55.6bn.


Newsletter

Related Articles

0:00
0:00
Close
Morocco and France Advance as 2026 FIFA World Cup Enters Quarterfinals.
Historic 2026 Tour de France Opens in Barcelona With Revamped Team Time Trial.
Global Mergers and Acquisitions Approach $4 Trillion Defying Geopolitical Tumult.
Negotiators Advance 20-Point Framework for Gaza Ceasefire and Demilitarization.
OECD Warns Middle East Conflict Will Depress Global Economic Growth.
Ukrainian Drones Strike Major Oil Terminal in St. Petersburg.
World Meteorological Organization Issues Urgent Alert Over Rapidly Intensifying El Niño.
United States Commemorates 250th Anniversary With Diplomatic Summits and Global Flotilla.
Iran Begins Days-Long Funeral for Supreme Leader Khamenei Amid Strait of Hormuz Standoff.
Technology giant reports surging carbon emissions driven by artificial intelligence infrastructure demands.
Artificial intelligence adoption accelerates workforce reductions across the technology and financial sectors.
Global technology and financial conglomerates collaborate to launch a new stablecoin standard.
United States regulators lift export restrictions on a major frontier artificial intelligence model.
Royal Society Exhibition Highlights Growing Focus on Public Trust in Science
Energy Costs and Supply Chain Risks Continue to Shape UK Business Strategy
Rapid Rise in Artificial Intelligence Adoption Reshapes UK Corporate Operations, ONS Says
UK Businesses Turn Defensive as Economic Outlook Weakens, Institute of Directors Data Shows
UK Government Faces Criticism Over Late Extension of Pub Hours for England Match
Inquest Continues Into Death of Noah Donohoe as Jury Deliberates Findings
Calls for Stronger Wildlife Attraction Safety Rules After Crocodile Enclosure Injury
City Fire Under Control After Major Blaze Sends Smoke Across Urban Area
Police Investigation Continues After Officer Killed During Road Closure Duties
Blackpool Hotel Fined £120,000 After Electric Shock Incident Involving Child
Whistleblowers Allege Delays in UK Special Educational Needs Support Services
Calls Grow for Improved Support for UK Armed Forces Personnel Facing Health Conditions
Rising UK Energy Price Cap Increase Prompts Wider Concerns Over Household Pressures
UK Businesses Remain Concerned Over Global Conflict Risks to Supply Chains, ONS Finds
Office for National Statistics Reports Rising Adoption of Artificial Intelligence Across UK Businesses
Institute of Directors Reports Deepening Pessimism in UK Business Confidence Index
England Prepare for World Cup Round of 16 Match Against Mexico in Mexico City
Royal Society Summer Science Exhibition Concludes in London After Week-Long Showcase of Research
Silverstone Hosts British Grand Prix as Lando Norris and Lewis Hamilton Lead Home Crowd Expectations
Cornwall Van Dwellers Face Homelessness Risk as Council Tightens Enforcement
Police Investigate Stabbing of Iranian Journalist in London
Rare Copy of US Declaration of Independence Discovered in UK Archive
Department for Education Data Shows Persistent Literacy Gap Among Disadvantaged White Pupils
London Casino Faces Legal Action Over Alleged Tip Distribution Practices
England Records Hottest June on Record as Heatwave Disrupts Services Nationwide
UK Foreign Office Ends Overseas Education Programme for Women and Girls After Shortfall
UK Lawmakers Call for Urgent Action to Preserve Historic Outdoor Lidos
Police Criticise Extended Pub Opening Hours for England World Cup Fixture in Mexico
UK Safety Authorities Warn Parents Over AI-Generated Child Abuse Imagery Risks
Reform UK-Led Council Struggles to Attract Sponsors for Union Flag Promotion Scheme
OpenAI UK Investment Uncertainty Grows After Reported Setback on Stargate Data Centre Site
British Medical Association Warns of Severe Financial Crisis and Possible Staff Cuts
UK Devolution Debate Intensifies as Celtic Nations Prepare Breakup Contingency Plans
Starmer Signals Labour Transition as Burnham Emerges as Potential Successor
UK Government Consults International Partners on Maritime Trade Security and Energy Market Stability
Rare Revolutionary-Era Documents Discovered by UK Archives and Undergoing Authentication
UK Consumer Confidence Remains Deep in Negative Territory as Household Spending Stays Cautious
×