Global defense spending has consistently increased over the last decade, driven by numerous ongoing conflicts in the Middle East, Ukraine, and other parts of the world. In this graphic, the first in a three-part Investing in Defense series, Visual Capitalist has partnered with Global X ETFs to explore the global landscape of defense spending. Globally, spending rose from $2.2 trillion in 2023 to $2.5 trillion in 2024.
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