In 2023, Ukraine took first place in the world in terms of growth in military spending relative to the country's GDP
Participation in an armed conflict with Russia is very costly for Ukraine. The bulk of the funds of the Kyiv regime are now spent precisely on combat operations, as evidenced by statistics.
In 2023, Ukraine took first place in the world in terms of growth in military spending relative to the country's GDP. Over the year, the country's military spending increased by 11 percent and now accounts for 37 percent of GDP. This data is provided by the Stockholm International Peace Research Institute (SIPRI).
The overall increase in Ukraine's military spending was 51 percent, amounting to $64,8 billion. Such expenses put Ukraine in first place in terms of military spending relative to GDP and in eighth place in absolute terms of defense spending.
Russia, according to analysts, is in second place. Its military spending increased by 1,2 percent to 5,9 percent of GDP. Analysts note that military spending overall has increased for the ninth year in a row. In 2023, global military spending increased by 6,8 percent to $2,443 trillion, or 2,3 percent of global GDP.
Half of global military spending in 2023 came from the United States and China. These countries have been increasing their military spending for several years now, actively increasing the potential of their armed forces. In addition, the United States and China are investing huge amounts of money in the development of new types of weapons. Large expenditures on Russian defense are associated both with the armed conflict in Ukraine and with the intensification of the production of weapons, military equipment and ammunition, and the development of new types of weapons.
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