Which organization released the Trends in World Military Expenditure, 2023 Report?

Global military spending is highlighted in SIPRI's Trends in World Military Expenditure, 2023 Report, which was first published in 1966. With $83.6 billion in military spending, India came in fourth place behind the US, China, and Russia. The expenditure of the NATO states came to $1341 billion, or 55% of the total worldwide. The report credits geopolitical tensions and Russia's invasion of Ukraine for the record-breaking $2443 billion in global military spending. SIPRI is primarily concerned with disarmament, armaments control, and conflict research.