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Global Arms Sales Surge to $632 Billion Amidst Ukraine, Gaza, and East Asia Conflicts
The global arms industry's revenue increased by 4.2% to $632 billion in 2023, primarily due to the Ukraine and Gaza wars and rising East Asian tensions; Russian arms sales surged by 40%, while some European manufacturers also experienced significant growth, but others declined.
Global Arms Sales Surge to $632 Billion Amidst Ukraine, Gaza, and East Asia Conflicts
The global arms industry's revenue increased by 4.2% to $632 billion in 2023, primarily due to the Ukraine and Gaza wars and rising East Asian tensions; Russian arms sales surged by 40%, while some European manufacturers also experienced significant growth, but others declined.
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