[HIGHLIGHTS] Global military spending has increased for the eighth consecutive year – and the security situation in the world has become even more serious

Global military spending has grown for the eighth consecutive year. In 2022, the actual military expenditure of the United States will reach $8770 billion.

Europe's military spending rose 13 percent year-on-year, the largest increase in the world, surpassing levels seen for the first time at the end of the Cold War in 1989. India, Saudi Arabia, South Korea, and Japan entering the top 10 military expenditures are related to seeking great power status and occupying a favorable strategic position in the new geopolitical pattern.