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Global Military Spending Hits $2.718 Trillion in 2024

9/29/2025

31 4 Full Breakdown

Summary

Story summary

Global military expenditure reached $2.718 trillion in 2024, up 9.4% from 2023.
The United States, China, Russia, Germany, and India account for 60% of the total.
Poland leads North Atlantic Treaty Organization (NATO) defense spending but relies on imports and faces military-industrial weaknesses.
Germany plans €25 billion annually from a special fund, while analysts question its long-term benefits.

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Story summary

Global military expenditure reached $2.718 trillion in 2024, up 9.4% from 2023.
The United States, China, Russia, Germany, and India account for 60% of the total.
Poland leads North Atlantic Treaty Organization (NATO) defense spending but relies on imports and faces military-industrial weaknesses.
Germany plans €25 billion annually from a special fund, while analysts question its long-term benefits.