The US, China, and Russia together account for more than half of global military spending, major media reports indicate. US military spending decreased in 2025, but this is believed to be temporary, according to SIPRI. The US Congress has approved at least $1 trillion for military spending this year.
European military spending rose by 14% in 2025, with European NATO countries' spending reaching $559 billion. "Countries reacted to another year of war, uncertainty and geopolitical upheaval," said Xiao Liang, a researcher at SIPRI. In a separate development, China's industrial profitability increased by nearly 16% in March 2026, according to major media reports.
Countries reacted to another year of war, uncertainty and geopolitical upheaval.