Top Military Spending Countries [Güncel]

Worldwide military spending in 2022 has been announced. According to the statements made, military expenditures were made last year, which is about three times the size of the entire Turkish economy. The USA, China and Russia were the leading countries in armament.

Founded in 1966 and arms trade with military spending Stockholm International Peace Research Institute, which conducts research on issues such as, shared its data for 2022. The statements made reveal that a record amount of weapons investment was made in 2022. According to the shared figure, governments in total over the past year $2 trillion 240 billion dollars military spending. This amount is 3.7 percent more than the previous year.

2 trillion 240 billion dollars of military spending, the world’s gross domestic product to 2.2 percent it corresponds. Compared to 15 trillion 6 billion 574 million TL of Turkey’s gross domestic product, that is, 773 billion 315 million 503 thousand 336 dollars in today’s exchange rate, the size of all military expenditures worldwide, Turkey’s gross domestic product 2.9 times.

Countries with the highest military spending

Country Spending Amount Share
USA 877 billion dollars 39%
Chinese $292 billion 13%
Russia $86.4 billion 3.9%
India 81.4 billion dollars 3.64%
Saudi Arabia 75 billion dollars 3.35%
England 68.5 billion dollars 3%

There are other important issues in the figures announced. For example JapanIt spent $46 billion in military spending. This figure was recorded as the highest expenditure after 1960. On the other hand; NATO countries In total, they spent $1,232 trillion in military spending. In fact, military spending by NATO countries in 2022 was more than half of all military spending.

Turkey’s military spending fell 3 years in a row

According to the statement made by the Stockholm International Peace Research Institute, Turkey has been $10.6 billion military spending. Officials announced that Turkey has cut military spending three times in a row. Military expenditures of Turkey in 2022, from 2021 was 26 percent lower. In line with these figures, while Turkey was in the 17th rank in 2021, it has regressed to the 23rd rank in 2022.

Source :
https://www.sipri.org/news/press-release/2023/world-military-expenditure-reaches-new-record-high-european-spending-surges


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