Monday, April 11, 2011

Background paper on SIPRI military expenditure data, 2010

SipriOverview

Growth in world military expenditure slows, regional picture varies

World military expenditure is estimated to have been $1630 billion in 2010, an increase of 1.3 per cent in real terms. This represents the slowest annual rate of increase since the surge in global military expenditure that began after 2001. Between 2001 and 2009, the annual increase averaged 5.1 per cent in real terms.

The increase in 2010 is almost entirely down to the United States, which accounted for $19.6 billion of the $20.6 billion real-terms increase. Excluding the USA, the total in the ‘rest of the world’ barely changed in 2010, increasing by a statistically insignificant 0.1 per cent.

However, this masks considerable regional variation:

Read more (pdf)

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