Wasted: 2022 Global Nuclear Weapons Spending
In its report "Wasted: 2022 Global Nuclear Weapons Spending" the International Campaign to Abolish Nuclear Weapons shows in 2022, the year of the Russian invasion of Ukraine, nine nuclear-armed states spent $82.9 billion on their nuclear weapons, more than $157,000 per minute, an overall increase of $2.5 billion from 2021.
Nine countries spent $82.9 billion on nuclear weapons, of which the private sector earned at least $29 billion in 2022. The United States spent more than all of the other nuclear armed states combined, $43.7 billion. Russia spent 22% of what the U.S. did, at $9.6 billion, and China spent just over a quarter of the U.S. total, at $11.7 billion.
This is the fourth annual report documenting massive investments in global nuclear weapons spending. Through an ever-changing and challenging security environment, from security threats of climate change to the COVID-19 pandemic to the Russian invasion of Ukraine, nuclear weapons spending has steadily increased, with no resulting measurable improvement on the security environment. If anything, the situation is getting worse.
As companies throw money at lobbyists and researchers to assert the continued relevance and value of nuclear weapons, the record shows the inutility of weapons of mass destruction to address modern security challenges — and the legitimate fear, backed by peer-reviewed scientific evidence, that they can end global civilisation as we know it.
The Treaty on the Prohibition of Nuclear Weapons is the multilateral response to the irresponsible behaviour of all nuclear-armed states to pour money down their nuclear weapons drains. It is the normative barricade against threats to use nuclear weapons. All countries should join this landmark international instrument to prohibit the development and maintenance of nuclear weapons and prevent their eventual use by ensuring their elimination.