Global Military Spending Reaches $2.9 Trillion in 2025, Driven by European Rearmament
Global military spending reached $2.89 trillion in 2025, driven by increased European defense spending and major rearmament programs in Asia. The U.S. remained the top defense spender with $954 billion, while European countries like Germany and Spain significantly increased their military budgets. Defense stocks rallied globally as a result.
Topics: defense spending geopolitical tensions military budgets NATO SIPRI report