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SIPRI Report 2024: Global Military Spending Surpasses USD 2.7 Trillion

Published on April 29, 2025
Current Context: The report you're referring to is titled "Trends in World Military Expenditure, 2024".
It was released by the Stockholm International Peace Research Institute (SIPRI), an independent international institute dedicated to research on conflict, armaments, arms control, and disarmament.
SIPRI Report 2024: Global Military Spending Surpasses USD 2.7 Trillion
  • The report was published on April 28, 2025.
Key Highlights of the Report:
  • Global Military Spending: Reached a record USD 2.7 trillion in 2024, marking a 9.4% increase from 2023. This is the steepest year-on-year rise since the end of the Cold War.
  • Top Military Spenders: The United States, China, Russia, Germany, and India accounted for 60% of the global total, with combined spending of USD 1,635 billion.
  • India's Contribution: India, the fifth-largest military spender, invested USD 86.1 billion, reflecting a 1.6% increase from the previous year.
  • Regional Trends: Military spending surged in Europe and the Middle East due to ongoing conflicts like the Russia-Ukraine war and the Israel-Palestine conflict.

Question:

Q.1 Which country was the fifth-largest military spender in 2024?
a) Japan
b) France
c) India
d) United Kingdom

Answer: c) The top five military spenders in 2024 were the United States, China, Russia, Germany, and India. India ranked fifth with USD 86.1 billion in military expenditure.
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