▲ Up
 akipress
00:42 24-09-2018
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
akipress
Total world military expenditure rose to $1.686 billion in 2016
World | analysis | 16:48, 24 April 2017 | 11417

AKIPRESS.COM - drillsTotal world military expenditure rose to $1.686 billion in 2016, an increase of 0.4 per cent in real terms from 2015, according to new figures from the Stockholm International Peace Research Institute (SIPRI).

Military spending in North America saw its first annual increase since 2010, while spending in Western Europe grew for the second consecutive year. 

World military expenditure rose for a second consecutive year to a total of $1686 billion in 2016—the first consecutive annual increase since 2011 when spending reached its peak of $1699 billion. Trends and patterns in military expenditure vary considerably between regions.

Spending continued to grow in Asia and Oceania, Central and Eastern Europe and North Africa. By contrast, spending fell in Central America and the Caribbean, the Middle East (based on countries for which data is available), South America and sub-Saharan Africa.

The United States remains the country with the highest annual military expenditure in the world. US military spending grew by 1.7 per cent between 2015 and 2016 to $611 billion. Military expenditure by China, which was the second largest spender in 2016, increased by 5.4 per cent to $215 billion, a much lower rate of growth than in previous years. Russia increased its spending by 5.9 per cent in 2016 to $69.2 billion, making it the third largest spender. Saudi Arabia was the third largest spender in 2015 but dropped to fourth position in 2016. Spending by Saudi Arabia fell by 30 per cent in 2016 to $63.7 billion, despite its continued involvement in regional wars. India’s military expenditure grew by 8.5 per cent in 2016 to $55.9 billion, making it the fifth largest spender.

The growth in US military expenditure in 2016 may signal the end of a trend of decreases in spending, which resulted from the economic crisis and the withdrawal of US troops from Afghanistan and Iraq. US spending in 2016 remained 20 per cent lower than its peak in 2010. ‘Despite continuing legal restraints on the overall US budget, increases in military spending were agreed upon by Congress,’ said Dr Aude Fleurant, Director of the SIPRI Arms and Military Expenditure (AMEX) programme. ‘Future spending patterns remain uncertain due to the changing political situation in the USA.

LATEST NEWS
15:57 IMF mission began to operate in Kyrgyzstan15:44 Sulukta town celebrates 150th anniversary15:35 Bishkek International Half Marathon to be held on Sept 2315:20 Delegation of Republic of Komi arrived in Issyk-Kul region15:00 California prohibits full-service restaurants from automatically providing plastic straws14:37 National Security Committee opened criminal case against 20yo member of Hizbut-Tahrir terrorist organization14:30 Commission for combating financing of terrorism created in Uzbekistan14:15 Investment forum with participation of Kyrgyz companies and government agencies to be held in Seoul14:10 Congo confirms Ebola case at Ugandan border13:57 Several killed as gunmen attack military parade in southwest Iran13:40 Tanzania ferry tragedy: At least 136 dead after overcrowded boat sinks in Lake Victoria13:25 Financial police celebrated Day of Kyrgyz language and 90th anniversary of Chingiz Aitmatov13:10 Gulbara Kaliyeva elected as chairman of Supreme Court12:58 Rosselkhoznadzor denies import of 41 tons of grapes, nectarines, plums and pomegranate from Kyrgyzstan12:42 Baktybek Turusbekov appointed vice-president of Triathlon Federation of Kyrgyzstan12:21 Kindergarten for 17mln soms opens in Batken region11:50 Speaker Jumabekov lays wreaths to Heydar Aliyev’s grave in Azerbaijan11:38 Speaker Jumabekov participated in Milli Majlis session on occasion of 100th anniversary of Azerbaijani parliament11:14 New milk processing plant to be launched in Naryn region in 201911:01 Ambassadors of Kyrgyzstan and Benin to Russia discussed Kyrgyz-Benin cooperation
© AKIpress News Agency - 2001-2018. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06