ABOUT THE REPORT

• Publisher: Stockholm International Peace Research Institute (SIPRI), a Swedish think tank.
• Nature: Annual report providing global military expenditure analysis.

KEY GLOBAL HIGHLIGHTS (2024)

• Total Global Military Spending:
  • $2.46 trillion in 2024
  • Up from $2.24 trillion in 2023
• Global GDP Share:
  • 2.3% of global GDP in 2024 (not 9% – seems to be a typo in the source)
  • Previously: 1.6% in 2022 and 1.8% in 2023
• Growth Observed:
  • Spending increased across all regions
  • Notable spikes in Europe and Middle East

TOP MILITARY SPENDERS (SHARE OF GLOBAL SPENDING)

1. United States:
   • $997 billion (5.7% increase)
   • 66% of NATO spending
   • 37% of global total
2. China:
   • $314 billion (7% increase)
   • 12% of global total
   • 30th consecutive year of increase
   • 50% of Asia-Oceania military spending
3. Russia: 5.5%
4. Germany: 3.3%
5. India: 3.2%

INDIA’S MILITARY SPENDING

• Rank: 5th largest globally
• Amount: $86.1 billion
• Growth:
  • 1.6% increase from 2023
  • 42% increase from previous years (unspecified baseline)
• Comparison: Nearly 9 times higher than Pakistan

REGIONAL INSIGHTS

Europe (incl. Russia)

• Total Spending: $693 billion
• Increase: 17% from 2023
• Reason: Ukraine-Russia war

 Middle East

• Spending: $243 billion
• Increase: 15%
• Top Spenders: Israel and Lebanon
• Reason: Israel-Hamas conflict