Global defense spending has risen for the seventh consecutive year and reached $ 1.93 trillion in 2020, Jane's information and analytical center reported.

This is 1.9% more than in 2019.

Europe's defense spending has grown the most in 2020 - by 5.6%.

According to analysts' forecast, the growth of global spending will slow down in 2021 amid the consequences of the COVID-19 crisis.

Defense spending will rise to $ 2.23 trillion by 2030. North America has the largest share over the past year (40%).

The share of Russia and the CIS will increase to 3% by 2030.