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Europe Live Wednesday 22nd May 2013

Stabilisation of world military spending in 2011

23rd April 2012

According to figures released on 17th April by the Stockholm International Peace Research Institute (SIPRI), world military spending totalled 1.74 billion $ in 2011, which represents an increase of 0.3% in comparison with 2010. 2011 heralds the end of more than a decade of constant increases in this type of spending ranging from 1998 to 2010. The reduction in military spending is particularly evident in the EU and the USA because of public spending policies that have been initiated to reduce the debt. Amongst the major emerging powers Brazil and India have reduced their military spending whilst China and Russia have increased them. The Middle East is the only region where there is a clear trend upwards in terms of this type of spending.

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