Global military spending hits record $2.88 trillion in 2025, driven by Europe and Asia
Global military spending rose to a record $2.88 trillion in 2025, marking the 11th consecutive year of increase, according to SIPRI. Europe and Asia saw sharp spending hikes, while US spending fell by 7.5% due to a halt in new Ukraine aid. Analysts warn of an arms race and trade-offs with social spending.