Global military spending to new high

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Global military spending to new high

Global military spending has been on the rise for years. New record also in the second year of the pandemic. Germany’s spending drops slightly due to inflation.

For the first time in a year, countries around the world have spent more than two trillion dollars on their military.

Global military spending rose to $ 2.113 trillion in 2021, Stockholm-based peace research institute Sipri said in a new report. Adjusted for inflation, this corresponds to an increase of 0.7% over the previous year. This is the seventh consecutive year that spending has increased.

“Even in the midst of the economic fallout from the Covid-19 pandemic, global military spending has peaked,” said Sipri researcher Diego Lopes da Silva. Due to inflation, the growth rate slowed, but if you ignore it, the increase was 6.1%.

Germany’s spending is lower than last year

The significant economic recovery after the first year of Corona 2020 meant that the share of military spending in global economic output fell slightly by 0.1 percentage points to 2.2% in 2021. Eight European NATO countries met the target of the military alliance to spend at least 2% of their gross domestic product (GDP) on defense: one less state than in 2020, but a significant increase compared to 2014, when only two states reached this milestone.

According to Sipri, Germany’s share of GDP was 1.3% in 2021. Due to inflation, German military spending was 1.4% lower than in 2020 at $ 56 billion ($ 51 billion). euro), which means that the Federal Republic is still the country with the seventh largest military expenditure in the world.

US leader – China is catching up

The United States is once again the clear leader. US military spending, adjusted for inflation, also fell 1.4% year-on-year, but at $ 801 billion it was still higher than the other nine top ten countries combined.

According to the peace researchers, the United States has mainly focused on military research and development in recent years. The US government has repeatedly stressed the need to maintain the US military’s technological advantage over strategic competitors, SIPRI expert Alexandra Marksteiner said.

But China is catching up: after another 4.7 percent increase, peace researchers estimate China’s military spending in 2021 at $ 293 billion (€ 268 billion). This time they are followed at a distance by India, Great Britain and Russia.

Russia rearmed

Speaking of Russia: In the year before the Russian invasion of Ukraine, the giant empire’s military spending grew by 2.9% to $ 65.9 billion (€ 60 billion), which corresponded to a share of the 4.1% of Russia’s gross domestic product.

In the process, President Vladimir Putin’s country benefited from revenues from the fossil fuel business, as Sipri expert Lucie Béraud-Sudreau explained: “High oil and gas revenues have helped Russia increase its spending. military in 2021 “. Russian spending declined between 2016 and 2019 due to low energy prices and sanctions imposed in connection with the annexation of the Ukrainian peninsula to Crimea, but has increased several times since.

Ukraine has increased military spending since annexing Crimea

Since the aforementioned annexation of Crimea in 2014, Ukraine has increased its military spending by 72% in the face of the Russian threat. In 2021, however, they fell by about 8.5% to $ 5.9 billion. They accounted for 3.2% of Ukraine’s economic output. Russia invaded Ukraine on February 24, 2022.

Sipri publishes an annual report on military spending in the world at the end of April. It is considered the most comprehensive data collection of its kind in the world. Peace seekers rely on official government information on the defense budget and other sources and statistics – the figures therefore traditionally deviate from information provided by NATO and individuals. villages . Expenditure also includes personnel expenses, military aid and military research and development.

© dpa-infocom, dpa: 220425-99-30278 / 4

(Dpa)

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