International navy spending grew for the eighth consecutive yr to hit a document excessive in 2022, in accordance with new information from a battle analysis institute in Sweden.
A complete of $2.24tn was invested in issues like weapons, personnel, and analysis.
The US was the largest spender globally with a navy funds about thrice that of the subsequent largest, China. Russia was in third place.
Ukraine’s personal navy spending has risen greater than 600% for the reason that battle started.
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