Global navy spending hits document $2.7 trillion in 2024, sharpest rise since Cold War | EUROtoday

On Apr 28, 2025

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Worldwide navy expenditure surged to $2.7 trillion in 2024, marking the sharpest annual improve for the reason that Cold War, pushed by escalating conflicts and geopolitical tensions, SIPRI reported Monday. Europe and the Middle East noticed the steepest rises, with some European nations posting “unprecedented” spending hikes, the analysis institute stated.
https://www.france24.com/en/europe/20250428-conflicts-military-spending

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