World defense spending has risen to a record high

In 2023, military spending will increase by 10.4% and reach 2.12 trillion dollars. The main reason for this is the conflict in Ukraine and the Gaza Strip, as well as the escalation of the situation in the Red Sea region.
It is noted that in 2023, military expenditures will increase by 10.4% and reach 2.12 trillion dollars. The main reasons for this are the conflicts in Ukraine and the Gaza Strip, as well as the escalation of the situation in the Red Sea region.

Almost half of the defense costs were contributed by NATO countries.

In addition, experts predict that defense spending may increase further until 2030.