Global Military Spending Passes $2T for First Time: Survey - Tasnim News Agency

 Global military expenditure reached an all-time high of over $2 trillion in 2021, according to an international survey released Monday.

Total military spending rose 0.7% from the previous year and reached $2.113 trillion, the Stockholm International Peace Research Institute (SIPRI) said, Anadolu Agency reported.

It said the global military burden, or world military expenditure as a share of world gross domestic product (GDP), fell by 0.1 percentage point from 2.3% in 2020 to 2.2% in 2021.

The five largest spenders in 2021 were the US, China, India, the UK and Russia, together accounting for 62% of expenditure, according to SIPRI.