Record world military expenditure World military spending grew in 2022 to an all-time high of $2,240 billion. The region of Eastern Europe saw the sharpest rise in spending, driven by Russia's invasion of Ukraine Increase in military expenditure (2021-22) $00bn 2022 spending (US$) Ukraine $44.0bn 640% Qatar $15.4bn 32.9% Russia $86.4bn 31.1% Finland $4.8bn 28.5% Iran $6.8bn 27.0% Saudi Arabia 18.7% $75.0bn Netherlands 11.9% $15.6bn Belgium 10.1% $6.9bn Poland 9.7% $16.6bn U.S. 8.8% $876.9bn India 6.6% $81.4bn Spain 3.9% $20.3bn Denmark 3.7% $5.5bn China 2.1% $292.0bn Sweden 1.8% $7.7bn UK 1.4% $68.5bn $480.32bn Total Europe Eastern Europe $135.39bn Up 77.5% Western Europe $305.50bn Down 0.4% Central Europe $39.43bn Up 4.2% Source: Stockholm International Peace Research Institute Picture: Northrop Grumman © GRAPHIC NEWS