European leaders are meeting in Paris for an emergency summit to debate how to respond to US President Donald Trump’s decision to hold peace negotiations with Russia to end the Ukraine conflict without European involvement. Monday’s meeting in the French capital follows the Munich Security Conference, which finished on Sunday. US Vice President JD Vance underlined Trump’s view that Europe must increase its defense budget.

In January, Trump urged NATO’s European members to allocate 5% of their GDPs to defense. NATO Secretary-General Mark Rutte has also urged member governments to raise defense spending. What is the total amount of military spending around the world? Global military spending will reach $2.44 trillion in 2023, or $306 per person, up 6.8 percent from the previous year, according to the Stockholm International Peace Research Institute (SIPRI). This was the highest year-over-year increase since 2009. In instance, worldwide military expenditures in 2000 were $798 billion, or $130 per capita, less than one-third of what they are today.
Global military spending refers to the total amount of money spent by countries on military forces and related operations. This comprises the expenses for personnel, operations, weaponry, equipment, research, and military infrastructure.