To assert themselves as powerful players on the world stage, countries are fiercely competing to strengthen their military ...

An index compiled by the International Country Risk Guide (ICRG) is used for the former, while information compiled by the Stockholm International Peace Research Institute (SIPRI) is used for the ...

according to the SIPRI (Stockholm International Peace Research Institute) chart. The largest international arms dealer outside the United States, Britain's BAE Systems, raked in $26.9 billion.

In 2024, global military expenditure surged to $2.443 trillion, marking its ninth consecutive year of growth, according to the Stockholm International Peace Research Institute (SIPRI). This ...