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SIPRI Report 2024 Reveals Global Military Spending Exceeds USD 2.7 Trillion with India Investing USD 86.1 Billion.

International | Dated: 30 Apr 2025

Amid major global conflicts, including the Russia-Ukraine war and the Israel-Palestine conflict, world military expenditure reached USD 2718 billion in 2024, reflecting a 9.4% increase in real terms from 2023, as per a report by Stockholm International Peace Research Institute (SIPRI), based in Stockholm, Sweden.

🎯 Key Highlights:

  • - Military spending rose across all regions, with particularly rapid growth in Europe and the Middle East.
  • - The United States of America (USA) remained the world’s top spender with USD 997 billion, followed by China with USD 314 billion in second place and Russia with USD 149 billion in third.
  • - India retained its position as the 5th-largest military spender, investing USD 86.1 billion, marking a 1.6% increase from the previous year.

💡 Other Important Facts:

  • (i) The top five military spenders – USA, China, Russia, Germany, and India – accounted for 60% of global military expenditure, with a combined total of USD 1635 billion.
  • (ii) Over 100 countries increased their military spending in 2024, with the share of global GDP devoted to military expenditure rising to 2.5%.

📚 Test Your Knowledge:

In the recent SIPRI Report 2024, which country ranked 5th globally in military spending, investing USD 86.1 billion?

Correct Answer: India

🚀 Quick Recap: