Global military expenditure has nearly doubled since the early 1990s, increasing from about $1.3 trillion in 1993 to nearly $2.4 trillion in 2023, with a significant 6.8 percent increase in 2023, marking the steepest year-on-year rise since 2009.
The region of Asia and Oceania has seen a 277 percent increase in military spending from 1993…
