Ukraine war spurs record global spending on military: SIPRI report

Global military spending rose to a record last year as Russia’s war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago, a leading conflict and armaments think tank said on Monday.

World military expenditure rose by 3.7 per cent in real terms in 2022 to US$2.24 trillion, the Stockholm International Peace Research Institute (SIPRI) said in a statement.

Russia’s invasion of Ukraine, which began in February last year following years of growing tensions, has prompted European countries to rush to bolster their defences.

Moscow says its “special military operation” was necessary to safeguard it against what it sees as a hostile and aggressive West. Ukraine and its Western allies say Russia is waging an unprovoked war aimed at grabbing territory.

European military spending shot up 13 per cent last year, primarily due to increases by Russia and Ukraine, but with many countries across the continent also ramping up military budgets and planning for more amid the surging tensions.

“This included multi-year plans to boost spending from several governments,” SIPRI Senior Researcher Diego Lopes da Silva said. “As a result, we can reasonably expect military expenditure in Central and western Europe to keep rising in the years ahead.”

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Ukraine’s military spending rose 640 per cent in 2022, the largest annual increase recorded in SIPRI data going back to 1949, with that total not including the vast amounts of financial military aid provided by the West.

SIPRI estimated that military aid to Ukraine from the United States accounted for 2.3 per cent of total US military spending in 2022. Though the United States was the world’s top spender by far its overall expenditure rose only marginally in real terms.

Meanwhile, Russia’s military spending grew by an estimated 9.2 per cent, though SIPRI acknowledged figures were “highly uncertain given the increasing opaqueness of financial authorities” since its war in Ukraine began.

“The difference between Russia’s budgetary plans and its actual military spending in 2022 suggests the invasion of Ukraine has cost Russia far more than it anticipated,” said Lucie Beraud-Sudreau, Director of SIPRI’s Military Expenditure and Arms Production Programme.

The US alone accounted for 39 per cent of global military expenditure. Together with China, which came in second at 13 per cent, the two nations accounted for more than half of the world’s military spending.

Those next in line lagged far behind, with Russia at 3.9 per cent and India at 3.6 per cent.

Europe spent 13 per cent more on its armies in 2022 than in the previous 12 months. The figure does not take into account sharp inflation rates, which means actual spending was even higher, the think tank said.

That was the strongest increase in more than 30 years, and a return, in constant dollars, to the level of spending in 1989 when the Berlin Wall fell.

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Britain is the top spender in Europe, coming in sixth place overall and accounting for 3.1 per cent of global expenditures, ahead of Germany at 2.5 per cent and France at 2.4 per cent – figures which include donations to Ukraine.

Countries like Poland, the Netherlands and Sweden were among the European countries that increased their military investments the most during the past decade.

Modern and costly weapons also explain some spending hikes, as in the case of Finland which last year purchased 64 US F-35 fighter jets.

In the Middle East, Saudi Arabia increased its expenditure by an estimated 16 per cent to become the fifth largest spender globally. Qatar, which has expanded its armed forces and is upgrading its arms inventories, boosted outlays by 27 per cent.

In Asia, Japan’s defence spending rose 5.9 per cent to US$46.0 billion, placing it 10th in the world rankings. South Korea, which spent US$46.4 billion, rose to ninth.

Late last year, Japan decided to acquire so-called counterstroke capabilities and double its defence spending in a dramatic shift in its post-war security policy under the nation’s war-renouncing constitution amid increasing threats posed by North Korea and China.

Reuters, Agence France-Presse, Kyodo and Bloomberg