TOKYO -- Global military expenditure surpassed $2 trillion for the first time in 2021, led by a rise in spending in Asia, according to a report released Monday by the Stockholm International Peace Research Institute.
Indo-Pacific
'Geopolitical powder keg' Asia jacks up global military spending
SIPRI report shows Japan and Singapore raised defense budgets over 7% in 2021
China and India were the main drivers for the growth in Asia's defense spending, SIPRI said. (Source photo by Reuters and Getty Images)
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