Global defence spending grew in 2025, reaching USD2.63 trillion, up from USD2.48 trillion in 2024. Spending also rose in real terms by 2.5%. This uplift was driven by strong spending increases in Europe and the Middle East. In Europe, defence-industrial developments were marked by a surge in venture capital investment in defence start-ups, alongside EU member states enhancing Brussels’ role in coordinating industrial and procurement efforts. […]
Growth in Russia’s military expenditure moderated compared to previous years, growing just 3% in real terms in 2025, compared with 56.9% in 2024. Nonetheless, expenditure still consumed over 7.3% of GDP. Läs artikel