Nuclear Weapon Spending On The Rise

By Tyler Durden

Global spending on nuclear weapons rose by 13.4 percent in 2023.

As Statista’s Martin Armstrong reports, a newly released report from the International Campaign to Abolish Nuclear Weapons (ICAN) shows, the United States instigated the largest proportional annual increase with a rise of almost 18 percent, closely followed by the United Kingdom with 17.1 percent.

You will find more infographics at Statista

In terms of spending, the U.S. had the largest outlay last year by some margin: $51.5 billion, compared to the second highest total of $11.9 billion in China.

The total global spend equated to an estimated $91.4 billion, the equivalent of $173,884 every minute. 2023 wasn’t a freak year, either, but rather the continuation of a trend.

From 2019 to 2023, global spending rose by 34 percent.

As reported by ICAN, a cumulative $387 billion was spent to build and maintain nuclear weapons over this five-year period.

Source: ZeroHedge

Image: SHTFplan

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