Global military spending hit a record $2.44 trillion in 2023, continuing a nine-year growth trend.

The United States topped the list of spenders, investing $916 billion, which is triple China's military expenditure.

SIPRI's report indicates a global shift towards hard security over diplomatic strategies, amid feelings of decreased safety.

Rising geopolitical tensions, especially the Russian-Ukraine conflict, are major factors behind the surge in Europe's defense budgets.