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New — World military spending reached $1.6 trillion in 2010, biggest increase in South America, fall in Europe according to new SIPRI data

April 11, 2011 Comments off

World military spending reached $1.6 trillion in 2010, biggest increase in South America, fall in Europe according to new SIPRI data
Source: Stockholm International Peace Research Institute (SIPRI)

World military expenditure in 2010 is estimated to have been $1630 billion, an increase of 1.3 per cent in real terms. The region with the largest increase in military spending was South America, with a 5.8 per cent increase, reaching a total of $63.3 billion, according to new data published today by Stockholm International Peace Research Institute (SIPRI). The comprehensive annual update of the SIPRI Military Expenditure Database is accessible from today at www.sipri.org.

+ Background paper on SIPRI military expenditure data, 2010 (PDF)
+ SIPRI Military Expenditure Database

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