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Military expenditure today.

Publication: International Peace Update
Publication Date: 01-SEP-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
World military expenditure in 2006 amounted to $1,204 billion at current prices. This sum corresponds to 2.5 percent of world gross domestic product (GDP) and $184 per capita in current prices. However, there is a wide variation between countries and regions as regards GDP shares and per capita figures.

The highest growth rates in the post-9/11 period took place in 2003, when world military spending increased by 7.2 percent. In 2004 the growth rate was 5.5 per cent and in 2005 it was 4.4 per cent, while SIPRI's estimate for 2006 shows an increase of 3.5 per cent in real terms.

According to the shares of world military spending by region, North America is the largest spender with 47 per cent of the world total in 2006, followed by Western Europe with 22 per cent, and Asia with 15 per cent. Together...

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