Military expenditure worldwide rose to nearly $2 trillion in 2020. This defied the economic impact of the Covid-19 pandemic. Global military spending increased by 2.6% to $1,981 billion even as global GDP shrank 4.4%. It's possible to say with some certainty that Covid-19 didn't have a significant impact on global 2020 military spending. As a result, more NATO members hit the Alliance's guideline target of spending at least 2% of GDP on their military. There were however indications the pandemic did affect military spending of some countries.