Global military expenditure stands at over $1.6 trillion in annual expenditure at current prices for 2010 (or $1.56 trillion dollars at constant 2009 prices), and has been rising in recent years.
Summarizing some key details from the Stockholm International Peace Research Institute (SIPRI)’s recent trends summary:
•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;
SIPRI has commented in the past on the increasing concentration of military expenditure, i.e. that a small number of countries spend the largest sums. This trend carries on into 2010 spending. For example,
•The 15 countries with the highest spending account for over 82% of the total;
•The USA is responsible for 43 per cent of the world total, distantly followed by the China (7.3% of world share), UK (3.7%), France (3.6%), and Russia (3.6%).


Robot War Machines
Let's STOP Anti-Personnel Mines forever
Stop the War Campaign Against Iran
The world's peace maker!!
Wanted - Bush & Blair for War Crimes
All for C H A N G E !!
US military spending-On the Edge with Max Keiser
'War lobby won $700 billion budget boost, wants MORE as collapse looms'
Zeitgeist Addendum
Zeitgeist Moving Forward
True Activist