Military budget of China

Türkiye was among the world's top military spenders in 2023, according to a new report by the Stockholm International Peace Research Institute (SIPRI).

The country's military spending amounted to $15.8 billion last year, ranking 22nd in the world, climbing one spot from 2022.

Global military spending rose to a record last year because of Russia's war on Ukraine. Annual military spending in Europe is at its highest level since the end of the Cold War three decades ago. This was announced in a statement today by the Stockholm International Peace Research Institute (SIPRI), quoted by Reuters.

World military expenditure rose 3.6 percent year-on-year in 2019, the largest annual rise in a decade, according to an international survey released on April 27.

The Stockholm International Peace Research Institute (SIPRI) said the global military spending reached $1.9 trillion last year.

Global military spending last year reached its highest level in three decades, with the largest share in the US and China, according to the annual report of the Swedish research institute SIPRI.
The Stockholm International Peace Research Institute reported that the world's military spending in 2018 totals $ 1.8 trillion, 2.7 percent more than 2017, or $ 239 per person.

The arms sales of Turkish companies rose by 24 percent in 2017, according to a report released on Dec. 10 by the Stockholm International Peace Research Institute (SIPRI).

A Pentagon report released on June 6 singled out Pakistan as a possible location for a future Chinese military base, as it forecast that Beijing would likely build more bases overseas after establishing a facility in the African nation of Djibouti.

Turkey's military spending decreased by 5.7 percent in 2016 compared to the previous year, according to a new Stockholm International Peace Research Institute (SIPRI) report on military expenditures. 

The report said Turkey's military expenditures were worth $14.9 billion, which ranked the country 17th in the list, behind Spain and Canada. 

China has surpassed Germany to become the world's third largest arms exporter, a Stockholm-based think tank said in a report on March 16.