Of the total [military money] spent in Europe in 2023, $407 billion, or 69%, were incurred on defense expenditure in Central and Western Europe, with the United Kingdom being the largest spender in the subregion, followed by Germany. While, $181 billion were spent on military procurements in Eastern Europe, with Ukraine spending a whopping $64.8 billion on defense, which helped it climb from 11th spot in 2022 to become the eighth largest military spender in the world in 2023.
Another recent report by SIPRI highlighted a increase in arms imported by European countries between 2019-2023 compared to 2014-18, with the United States being the origin of 55% of all of these imports in the last five years. The spike in defense spending over the last couple of years has created a boom in the aerospace and armaments manufacturing industry in the United States.
Another recent report by SIPRI highlighted a increase in arms imported by European countries between 2019-2023 compared to 2014-18, with the United States being the origin of 55% of all of these imports in the last five years. The spike in defense spending over the last couple of years has created a boom in the aerospace and armaments manufacturing industry in the United States.