25/02/2026
Some key points from this interesting article...
- Global defence spending in 2025: $2.63 trillion (+2.5% from last year)
- US defence strategy under President Donald Trump's second term shifts to homeland defence and burden-sharing with "Golden Dome" missile defence proposals
- Russia's military expenditure rose by 3%, now 7.3% of GDP, despite losses in Ukraine
- Europe's defence spending: 21% of global total (up from 17% in 2022), led by Germany; others include Belgium, Nordic states, and Spain
- Asia: China holds 44% of regional military spending; PLA Navy outpaces US Navy in new commissions and tonnage
- Middle East and North Africa: $219 billion in defence spending; Qatar, Saudi Arabia, UAE bolster defences with US partnerships
Global defence spending rose to USD 2.63 trillion in 2025, up 2.5 per cent year on year, as great power rivalry and national insecurity continued to drive military investment, according to the latest edition of The Military Balance published by the International Institute for Strategic Studies (IISS...