Global military spending rose for an 11th straight year to a record $2.89 trillion in 2025, driven by Europe’s rearmament push, even as U.S. outlays declined.

Military spending declined in the US but rose by 14% in Europe, and by 8.1% in Asia and Oceania, according to the Stockholm International Peace Research Institute

Global military spending rose for an 11th straight year to a record $2.89 trillion in 2025, driven by Europe’s rearmament push, even as U.S. outlays declined.

As countries spend more on their militaries, what does that mean for spending on healthcare and education?