![“Global Military Spending Reaches Record High in 2023 Amidst Escalating Tensions and Ongoing Wars” A man stands by Iran's F-365-NO13 and F-345-NO22 smart bombs on display at the 2024 International Defence Exhibition Iraq (IQDEX) in Baghdad on April 21, 2024. AHMAD AL-RUBAYE / AFP](https://kabayankuwait.com/wp-content/uploads/2024/04/334179-400x250.jpg)
“Global Military Spending Reaches Record High in 2023 Amidst Escalating Tensions and Ongoing Wars”
Learn more about the global increase in military spending, reaching an all-time high of $2.4 trillion in 2023. The rise in military expenditure was driven by ongoing wars and escalating tensions worldwide. Explore the top spenders, regional trends, and the impact on countries such as Ukraine and Russia.