Global military budgets reached $2.44 trillion last year, the steepest year-on-year rise since 2009, driven by escalating tensions like Russia's invasion of Ukraine and increasing conflicts worldwide.
World military spending per person is now at its highest since the Cold War, at $306 per person, with countries like the United States projecting a significant increase in defense budgets.
NATO's European partners, including Poland, are taking significant steps to meet the alliance's target of spending 2% of GDP on defense, with Poland leading by allocating 4.2% of GDP for defense, the highest in NATO.
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