English | دری

How military spending has changed in the past decade

in Featured Articles

How military spending has changed in the past decade

WORLDWIDE military spending was flat in 2011 compared with the year before, according to data released by the Stockholm International Peace Research Institute, a think-tank, but this masks some significant changes. America, Western Europe and Latin America, which between them make up 65% of the global total of $1.634 trillion (at 2010 prices), all spent less than they had in 2010.

This is the first time America made a year-on-year reduction since 1998, trimming its budget by 1.2% to $690 billion. To keep the total flat, there were some big rises elsewhere. Russia’s spending increased by 9.3% to $64.1 billion, which may have had something to do with the build-up to the presidential election earlier this year.

It is now the third biggest spender worldwide, ahead of both France and Britain. The chart below gives a sense of how much defence spending has changed relative to economic performance in the past decade for 116 countries and territories for which data are available. China, for instance, which spent $129 billion last year, has increased spending broadly in line with its GDP growth.



Related Articles

High Oil Price Shooting in the Arm for Global Markets

Oil prices rise for a fourth month in a row, inspired by the Federal Reserve’s move last week to stimulate

World Bank to Boost Access to Electricity and Clean Fuels, Renewable Energy and Energy Efficiency

  RIO DE JANEIRO, Brazil, June 21, 2012 —The World Bank Group announced today that it will boost efforts to

A Chinese Mines Manager Killed in Zambia

Zambian miners have killed a Chinese mines manager during a riot on Saturday by pushing a trolley at him at

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*