Global Military Spending Reaches Record High, Saudi Arabia Among Top 5 Spenders.
TL;DR Summary
Saudi Arabia has become the world's fifth-largest military spender, surpassing the UK, Germany, and France, according to a report by the Stockholm International Peace Research Institute (SIPRI). The kingdom's military spending increased by 16% to reach an estimated $75bn, contributing to the Middle East's total military expenditure of $184bn in 2022. The region had the highest military burden, with spending making up 3.9% of GDP on average. The US, China, and Russia were the top three global military spenders, accounting for nearly 56% of global military spending.
- Saudi Arabia rises to world's 5th largest military spender: SIPRI Al-Monitor
- Global military spending surged to all-time high in 2022 - BBC News BBC News
- Saudi Arabia rejoins world's top five military spenders, says report Middle East Eye
- What's driving up the global military spending? | Inside Story Al Jazeera English
- What U.S., other countries spent on their militaries in 2022 Axios
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
88%
703 → 87 words
Want the full story? Read the original article
Read on Al-Monitor