Ukraine's military expenditures increased by 640 percent in 2022 to about 44 billion US dollars, the Ukrainian state news agency Ukrinform reported on Monday.

The report said, quoting a report issued by the Stockholm International Peace Research Institute (SIPRI), that this rise in military spending, mainly caused by the Ukrainian crisis, is the highest in one year compared to military spending for any other country, according to the institute's data.

He added that defense spending last year accounted for 34 percent of Ukraine's GDP, compared to 3.2 percent in 2021.

Ukraine was the third largest importer of weapons in the world after Qatar and India last year, according to the aforementioned institute.