Friday, May 13, 2011

Military spending up 50% in ten years, US spends 43% of the world total

I knew it was bad, but I didn't know it was that bad!
The USA should simply be ashamed....
  • World military expenditure in 2010 is estimated to have reached $1.62 trillion in current dollars;
  • This represents a 1.3 per cent increase in real terms since 2009 and a 50 per cent increase since 2001;
  • This corresponds to 2.6 per cent of world gross domestic product (GDP), or approximately $236 for each person in the world;
  • The USA with its massive spending budget, is the principal determinant of the current world trend, and its military expenditure now accounts for just under half of the world total, at 43% of the world total;
"United States military spending remains exceptional worldwide, accounting for nearly 43 per cent of the global total. The US has also led the global surge in world military spending since 2001, increasing by 81 per cent compared to 32.5 per cent for the total for the 'rest of the world'. At an estimated 4.8% of GDP in 2010, US military spending represents the highest 'military burden' of all counties for whom SIPRI has data outside the Middle East."
Data from SIPRI

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