arms trade

The world's nine nuclear-armed nations spent more than $100 billion on their atomic arsenals last year—up 11% from 2023—with the United States accounting for both the largest share and biggest increase in expenditures, a report published Friday by the International Campaign to Abolish Nuclear Weapons reveals.

The new ICAN analysis identifies a $9.9 billion increase in global nuclear weapons spending in 2024, with the U.S.—the only country to ever carry out a nuclear attack on another nation—spending $56.8 billion, more than the combined expenditures of the eight other countries with nukes. In addition to the U.S., Russia, China, France, the United Kingdom, India, Pakistan, Israel, and North Korea have nuclear arsenals. The $5.3 billion annual spending increase by the U.S. was also more than any other nuclear power.