Friday, June 13, 2008

WORLD MILITARY SPENDING GREW 45% IN PAST DECADE

AGENCE FRANCE PRESS World military spending grew 45 percent in the past decade, with the United States accounting for nearly half of all expenditures, the Stockholm International Peace Research Institute said. Military spending grew six percent last year alone, according to SIPRI’s annual report.

In 2007, 1,339 billion dollars was spent on arms and other military expenditures, corresponding to 2.5 percent of global gross domestic product, or GDP, and 202 dollars for each of the world’s 6.6 billion people.

The United States spends by far the most towards military aims, dishing out 547 billion dollars last year, or 45 percent of global expenditure. Britain, China, France and Japan - the next in line of big spenders - lag far behind, accounting for just four to five percent of world military costs each.

2 Comments:

At June 13, 2008 9:18 AM, Anonymous robbie said...

At this rate, pretty soon the only enemy will be those who aren't part of any military.

 
At June 13, 2008 8:09 PM, Anonymous Anonymous said...

I thought we were already there, Robbie.

 

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