SIPRI DATA - REPORT AND INDICES

News: Ukraine war spurs record global spending on military, Stockholm think tank says

 

What's in the news?

       SIPRI report says that the global military spending rose to a record last year as Russia's war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago.

 

KEY TAKEAWAYS:

       World military expenditure rose by 3.7% in real terms in 2022 to $2.24 trillion.

       Russia's invasion of Ukraine, which began in February last year following years of growing tensions, has prompted European countries to rush to bolster their defences.

       Defense outlays among NATO members - the Euro-Atlantic military alliance incorporating most European countries have been going up since at least 2014.

       European military spending shot up 13% last year, primarily due to increases by Russia and Ukraine, but with many countries across the continent also ramping up military budgets and planning for more amid the surging tensions.

       NATO members agreed to meet a defense spending goal of 2% of national GDP by 2024, and many of them have been slowly working toward that target.

       Ukraine's military spending rose 640% in 2022, the largest annual increase recorded in SIPRI data going back to 1949, with that total not including the vast amounts of financial military aid provided by the West.

       SIPRI estimated that military aid to Ukraine from the United States accounted for 2.3% of total U.S. military spending in 2022.

       The United States was the world's top spender by far its overall expenditure rose only marginally in real terms.

       Russia's military spending grew by an estimated 9.2%, though SIPRI acknowledged figures were "highly uncertain given the increasing opaqueness of financial authorities" since its war in Ukraine began.

       The double-digit increases over the past decade across many countries, including nuclear powers and those known for prioritizing armed forces, such as China (63 percent), India (47 percent), and Israel (26 percent).

       In each of these countries, however, defense spending has declined as a percentage of national economic output.

 

Indian Data:

       Despite an 11 percent drop in its arms import between 2013-17 and 2018-22, India remained the world’s largest arms importer from 2018 to 2022 followed by Saudi Arabia, according to the latest report by Stockholm International Peace Research Institute (SIPRI).

       Russia was India’s largest arms supplier in the periods between 2013-17 and 2018-22, but its share of arms imports to India fell from 64 percent to 45 percent while France emerged as the second-largest arms supplier to India between 2018-22 at 29 percent, followed by the US at 11 percent.

       Aside from Russia and France, India also imported arms during this five-year period from Israel, South Korea, and South Africa which are among the top arms exporters globally.

       The report said Russia’s position as India’s main arms supplier is under pressure owing to strong competition from other supplier states, increased Indian arms production, and, since 2022, constraints on Russia’s arms exports related to its invasion of Ukraine.

       The report said India’s tensions with Pakistan and China largely drive its demand for arms imports.

       With an 11 percent share of total global arms imports, India was the world’s biggest importer of major arms in 2018–22, a position it has held for the period 1993–2022.

 

Russian Arms Export:

       The report said just under two-thirds of Russian arms exports went to India, China, and Egypt in 2018-22 at 31 percent, 23 percent, and 9.3 percent, respectively.

 

Other Key Findings:

       As per the data, India was the third-largest arms supplier to Myanmar during this period after Russia and China and comprised 14 percent of its imports.

       It also stated that 77 percent of Pakistan’s arms supply in 2018-22 came from China.