Global Military Spending and Growth to 2024
Global military spending has become an important topic of discussion today. By 2024, military spending will be 2,46 trillion dollars This increase has become even more pronounced, especially with the impact of the war in Ukraine. In this context, the “Military Balance 2025” report published by the London-based International Institute for Strategic Studies (IISS) provides an in-depth analysis of how military expenditures are shaped.
Growth Rate of Military Expenditures
According to the report, global military spending 2023% in 6,5 The real growth rate is in 2024 %7,4 level. This rate was recorded as 2022% in 3,5. This growth is observed in all regions except Sub-Saharan Africa. Therefore, this situation shows that military spending is increasing worldwide.
Russia's Military Spending Increases
The report said Russia's military spending 41,9% in real terms increasing at a rate of To 145,9 billion dollars This increase is stated to have reached the share of Russia's defense budget in Gross Domestic Product (GDP). %6,7 This rate has reached a level comparable to the total defense expenditures of Europe in terms of purchasing power parity. In particular, Russia's military expenditures To 462 billion dollars It is emphasized that it coincides.
Defense Budgets of European Countries
The total defence budgets of the UK and European Union (EU) countries, 2023% in 11,7 by increasing To 457 billion dollars This situation means that Europe's military expenditure has increased compared to 2014. 10% in the last 50 years In particular, Germany's defense budget has increased by %23 increased To 86 billion dollars It is noteworthy that this increase is due to Germany exceeding England’s 81 billion dollar resulted in the defense budget being passed.
China's Military Spending
China's military spending also increased last year %7 increased To 235 billion dollars This increase is an important factor affecting the military balance of power in the Asia-Pacific region. The increase in military spending is considered a reflection of the rise in geopolitical tensions around the world.
Turkey's Military Expenditures and Strategy
Türkiye attracts attention with its defense and security budget determined for 2024. 47 billion 450 million dollars This budget, which has reached 100%, shows Turkey's determination on the defense industry. Prepared by the Presidency of Defense Industries 2024-2028 Strategic Plan, determines the future goals of the Turkish defense industry. This report aims to increase sectoral competitiveness, develop future technologies with national resources and strengthen institutional capacity.
Objectives of the Defense Industry Strategic Plan
The 2024-2028 Strategic Plan aims to increase exports, support civil-defense interaction with dual-use technologies and improve the financial structure. In addition, it is aimed to strengthen the supply ecosystem by developing domestic and national projects. Improvements will be made in digital security, human resources and stakeholder communication in order to develop institutional capacity.
As a result
These increases in military spending are considered an indicator that defense policies are being reshaped around the world. As countries try to strengthen their national security by increasing their defense budgets, this situation also leads to significant changes in international relations. It is expected that military spending will increase further and new strategies will be developed in the coming years.
