The Strategist

ICAN: Global nuclear spending reaches $82.9B in 2022

06/13/2023 - 10:31

According to a research by the International Campaign to Abolish Nuclear Weapons (ICAN), global spending on nuclear weapons increased to $82.9 billion in 2022, with the United States spending more than all other nuclear countries combined.

Kelly Michals
Kelly Michals
Nine nations (with nuclear weapons) spent $82.9 billion on nuclear weapons, at least $29 billion of which was made by the private sector in 2022. With $43.7 billion, the United States spent more than all other nuclear-armed states put together. China spent just over a quarter of all U.S. spending ($11.7 billion), while Russia spent 22% of all U.S. spending ($9.6 billion).

ICAN forecasts that investment in this sector would climb by $2.1 billion in 2022 compared to 2021, marking the fourth year in a row that the analysis indicated a significant rise in worldwide nuclear weapons spending.

In the face of "an ever-changing and complex security environment, from climate change threats to the COVID-19 pandemic" to the events in Ukraine, ICAN observed that "spending on nuclear weapons has steadily increased, resulting in no tangible improvement in the security environment." The organization continued, "At any rate, the situation is getting worse."