Search This Blog

Sunday, December 26, 2010

Gulf focuses on military might

SIPRIThe eight nations of the Gulf region have among the highest military expenditures in the world as a percentage of GDP, driven by huge arms purchases to defend against regional instability and protect valuable oil and gas assets.

Between 2000 and 2008, Oman and Saudi Arabia spent more of their GDP on the military than any other country for which data are available, according to a new report by the Stockholm International Peace Research Institute (SIPRI).

During that time Oman spent as much as 12.5 per cent of annual GDP on defence, compared with the global average of 2.3 per cent and 2.5 per cent. Saudi Arabia, meanwhile, spent between 8 per cent and 11.5 per cent of GDP on its military, said the report.

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.