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SIPRI Reports Unprecedented Rise in Global Military Expenditure
What is the central argument of “SIPRI Reports Unprecedented Rise in Global Military Expenditure”, and why does it matter for European defence and dual-use markets?
SIPRI Reports Unprecedented Rise in Global Military Expenditure: Global military spending surged. Defence-finance analysis; 5-page sourced DFM PDF report.
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Original DFM publication · DFM Analysis report · 2025-05-06
Global military spending surged to an all-time high in 2024, with the pace of increase reaching a level not seen since the Cold War, according to a new report by the Stockholm International Peace Research Institute (SIPRI). World defence expenditures totaled an estimated $2.72 trillion last year, up 9.4% in real terms from 2023.
SIPRI characterized this jump as “unprecedented” in the post-Cold War era, driven largely by the war in Ukraine and heightened tensions in East Asia and the Middle East. Over 100 countries increased their military budgets in 2024, reflecting a global prioritization of security amid multiple conflicts.
This analysis answers: What is the central argument of “SIPRI Reports Unprecedented Rise in Global Military Expenditure”, and why does it matter for European defence and dual-use markets? What does this mean for European defence funding, procurement and investment decisions? How mature and defensible is the position described in “SIPRI Reports Unprecedented Rise in Global Military Expenditure”? Which European actors, programmes and funding instruments are most exposed?
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Original DFM analysis
SIPRI Reports Unprecedented Rise in Global Military Expenditure
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FAQ
What is SIPRI Reports Unprecedented Rise in Global Military Expenditure?
SIPRI characterized this jump as “unprecedented” in the post-Cold War era, driven largely by the war in Ukraine and heightened tensions in East Asia and the Middle East.
Why does SIPRI Reports Unprecedented Rise in Global Military Expenditure matter for European defence?
Over 100 countries increased their military budgets in 2024, reflecting a global prioritization of security amid multiple conflicts.
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