SIPRI’s annual report, released Monday, said global military expenditure reached $2.72 trillion in 2024, a 9.4% increase from 2023 and the largest year-on-year rise since the Cold War's end. This marks the tenth straight year of growth.
Defense spending is rising across East Asia as China’s expanding military power fuels regional concerns, according to a new report by the Stockholm International Peace Research Institute (SIPRI).
The world’s five biggest military spenders, the United States, China, Russia, Germany, and India made up 60% of total spending, combining for $1.64 trillion.
Spending in Asia and Oceania reached $629 billion in 2024, up 6.3% from 2023, with East Asia alone seeing a 7.8% jump to $433 billion.
China accounted for half of Asia’s total defense spending, with an estimated $314 billion, a 7% increase from 2023, and its largest annual rise since 2015. This marks the 30th consecutive year of growth, as China pushes to modernize its military across all domains by 2035.
China’s buildup has led neighboring countries to bolster their own defenses. Japan raised its defense budget by 21% to $55.3 billion, its biggest increase since 1952, lifting defense spending to 1.4% of GDP, the highest since 1958. Japan’s plan focuses on enhancing long-range strike and air defense capabilities through 2027.
Meanwhile, Taiwan boosted its military spending by 1.8% to $16.5 billion, allocating a significant portion to upgrade F-16 jets, purchase U.S. naval systems, and develop anti-drone technologies amid heightened tensions with China.
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“Having a good security relationship with the United States is of utmost importance for the Japanese as a whole,” said Professor Seijiro Takeshita of the University of Shizuoka, highlighting the strategic stakes ahead of Japan’s national election.
The U.S. and China are locked in a growing struggle over critical minerals, the materials that power everything from electric vehicles and microchips to missiles and advanced radar systems, as both sides move to secure control over supply chains that underpin economic and military power.
Greek authorities said they have arrested a member of the armed forces on suspicion of leaking highly sensitive military information to foreign handlers allegedly linked to China.
Iran’s Islamic Revolutionary Guard Corps (IRGC) has deployed one of its largest ballistic missiles at a newly unveiled underground base on Wednesday (3 February), just two days ahead of mediated nuclear talks with the United States in Muscat, Oman.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Winter weather has brought air travel in the German capital to a complete halt, stranding thousands of passengers as severe icing conditions make runways and aircraft unsafe for operation and force authorities to shut down one of Europe’s key transport hubs.
Israeli tank shelling and airstrikes killed 24 Palestinians including seven children in Gaza on Wednesday (4 February), health officials said, the latest violence to undermine the nearly four-month-old ceasefire.
European Union Enlargement Commissioner Marta Kos arrived in Türkiye on Friday for high-level talks centred on the modernisation of the EU-Türkiye Customs Union, which both sides have described as vital to the future of bilateral relations.
Mexico is assessing whether it can resume fuel deliveries to Cuba without triggering U.S. tariffs, as both sides hold frequent talks and Havana warns of worsening shortages.
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A senior Russian military intelligence officer has been rushed to hospital after being shot several times in Moscow, in the latest apparent assassination attempt targeting the country’s top brass since the start of the war in Ukraine.
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