In 2023 China, France, India, Israel, North Korea, Pakistan, Russia, the UK and US spent a combined $91.4 billion on their nuclear arms, which breaks down to $173,884 per minute, or $2,898 a second, according to the International Campaign to Abolish Nuclear Weapons (Ican). The United States’ share of total spending, $51.5 billion, is more than all the other nuclear-armed countries put together and accounts for 80% of the increase in nuclear weapons spending in 2023. The next biggest spender was China which expended $11.8 billion with Russia spending the third largest amount at $8.3 billion. The United Kingdom’s spending was up significantly for the second year in a row with a 17% increase to $8.1 billion. According to Ican, In the last 5 years, $387 billion has been spent on nuclear weapons, with the yearly spending increasing by 34% from $68.2 billion to $91.4 billion per year, as all nine nuclear-armed states continue to modernise, and in some cases expand, their arsenals.

Source: Indian Express June 17, 2024 06:56 UTC