{"id":48123,"date":"2025-04-29T15:54:05","date_gmt":"2025-04-29T10:24:05","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=48123"},"modified":"2025-05-28T17:03:33","modified_gmt":"2025-05-28T11:33:33","slug":"trends-in-world-military-expenditure-report-2024","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/trends-in-world-military-expenditure-report-2024\/","title":{"rendered":"Trends in World Military Expenditure Report 2024"},"content":{"rendered":"<h2>Trends in World Military Expenditure Report Latest News<\/h2>\n<p>According to the 2024 edition of the \u201cTrends in World Military Expenditure\u201d report by the Stockholm International Peace Research Institute (SIPRI), India\u2019s military spending was nearly nine times higher than Pakistan\u2019s last year.<\/p>\n<h2>About Trends in World Military Expenditure Report<\/h2>\n<ul>\n<li>It is an\u00a0<strong>annual report<\/strong>\u00a0published by the leading\u00a0<strong>Swedish think tank, the Stockholm International Peace Research Institute<\/strong>\u00a0(SIPRI).<\/li>\n<li>It provides a comprehensive analysis of military spending across the globe.<\/li>\n<li><strong>Highlights of 2024 Report:<\/strong>\n<ul>\n<li>The\u00a0<strong>global defence expenditures<\/strong>\u00a0reached\u00a0<strong>$2.46 trillion in 2024<\/strong>, an increase from $2.24 trillion in the previous year, bringing the average defence spending to\u00a0<strong>1.9% of global GDP,<\/strong>\u00a0up from 1.6% in 2022 and 1.8% in 2023.<\/li>\n<li>Military spending\u00a0<strong>increased in all world regions,<\/strong>\u00a0with particularly rapid growth in both Europe and the Middle East, courtesy of the ongoing Ukraine-Russia war and Israel-Hamas conflict.<\/li>\n<li><strong>Military spending in Europe (including Russia)\u00a0<\/strong>rose by 17 percentto $693 billion and was the\u00a0<strong>main contributor to the global increase<\/strong>\u00a0in 2024.<\/li>\n<li><strong>Military spending by the USA rose by 5.7 percent\u00a0<\/strong>to reach\u00a0<strong>$997 billion<\/strong>, which was\u00a0<strong>66 percent of total NATO<\/strong>\u00a0spending and<strong>\u00a037 percent of world military spending<\/strong>\u00a0in 2024.<\/li>\n<li>Military expenditure in the Middle East reached an estimated $243 billion in 2024, an increase of 15 percent from 2023, with Israel and Lebanon emerging as the biggest spenders in the region.<\/li>\n<li><strong>60 percent<\/strong>\u00a0of the\u00a0<strong>world\u2019s military spending\u00a0<\/strong>came from only\u00a0<strong>five countries<\/strong>\u00a0\u2013 the\u00a0<strong>USA (37 percent), China (12 percent), Russia (5.5 percent), Germany (3.3 percent) and India (3.2percent).<\/strong><\/li>\n<li><strong>India<\/strong>, the fifth biggest military spender in the world in 2024, increased its spending to\u00a0<strong>$86.1 billion<\/strong>,\u00a0<strong>up by 1.6 percent<\/strong>\u00a0from 2023 and by\u00a0<strong>42 percent from<\/strong>\u00a02015.<\/li>\n<li>India&#8217;s military spending in 2024 was nearly<strong>\u00a0nine times that of Pakistan&#8217;s\u00a0<\/strong>expenditure.<\/li>\n<li>China&#8217;s military spending rose by 7.0 percent to an estimated USD 314 billion, marking three decades of uninterrupted growth.\u00a0<strong>China alone accounted for half\u00a0<\/strong>of the\u00a0<strong>defence spending across Asia and Oceania.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Trends in World Military Expenditure Report FAQs<\/h2>\n<p><strong>Q1.<\/strong>\u00a0Who publishes the annual &#8220;Trends in World Military Expenditure&#8221; report?<\/p>\n<p><strong>Ans.<\/strong>\u00a0Stockholm International Peace Research Institute (SIPRI).<\/p>\n<p><strong>Q2.<\/strong>\u00a0Which country has the highest military expenditure?<\/p>\n<p><strong>Ans.<\/strong>\u00a0The United States has the highest military expenditure in the world.<\/p>\n<p><strong>Q3.<\/strong>\u00a0What is India\u2019s rank in world military expenditures?<\/p>\n<p><strong>Ans.<\/strong>\u00a0India is the fifth biggest military spender in the world in 2024.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.tribuneindia.com\/news\/india\/as-tensions-escalate-indias-military-spend-outpaces-pakistans-by-nearly-9-times\/\" target=\"_blank\" rel=\"nofollow noopener\">TRIBUNE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discover key insights from the SIPRI 2024 report on global military spending trends, highlighting defense budgets, regional shifts, and global security dynamics.<\/p>\n","protected":false},"author":8,"featured_media":48126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[21,550,23],"class_list":{"0":"post-48123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-prelims-pointers","9":"tag-trends-in-world-military-expenditure-report-2024","10":"tag-upsc-prelims-current-affairs","11":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/48123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=48123"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/48123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/48126"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=48123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=48123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=48123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}