Global defence budgets surged to record levels in 2025, led by the US, China, and Russia. This page breaks down the headline figures, highlights regional growth, and explains what rising 2026 spending could mean for stability and economies. Explore the top spenders, regional trends, and the policy shifts that shape future budgets with concise, FAQ-style answers.
Global military expenditure reached about $2.89 trillion in 2025, marking the 11th consecutive year of growth. The top three spenders—the United States, China, and Russia—accounted for roughly half of all spending.
The United States, China, and Russia remained the three largest spenders in 2025, together making up about 51% of global military expenditure. Europe and Asia also showed notable increases in defence budgets.
Europe and Asia recorded the strongest growth in 2025. European outlays rose notably, supported by several countries increasing their defence commitments, while Asian spending also climbed as regional tensions and modernization efforts persisted.
Higher 2026 defence spending signals sustained emphasis on military modernization and security concerns. This can influence global stability by shifting resource priorities, affecting GDP shares of defence versus other sectors, and shaping geopolitical dynamics, trade patterns, and debt considerations.
Policy shifts—such as budget approvals in the US, strategic tech and weapons development in China, and strategic posture in Russia—directly affect future budgets. Ongoing conflicts, alliance realignments, and aid patterns (including shifts in US aid) also play critical roles in determining how budgets evolve in 2026 and beyond.
Analyses come from multiple outlets, with SIPRI providing long-term budget context, Reuters noting the $2.89 trillion figure, and outlets like France 24, SBS, Al Jazeera, and The New Arab offering regional insights and historical context to spending trends.
Sky-high rents persist, but price growth is slowing and diverging across Australia's capitals, according to a report.
As countries spend more on their militaries, what does that mean for spending on healthcare and education?