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Military Expenditure: A Reprint from the Stockholm International Peace Research Institute Yearbook 2007: Armaments, Disarmament, and International Security
World military expenditure (ME) in 2006 totaled $1

Our Price: $25.00
By Peter Stalenheim (au); Catalina Perdomo (au); Elisabeth Skons (au)
Year: 2007
Pages: 77
Binding Paperback

Product Code: 1422317749

World military expenditure (ME) in 2006 totaled $1,204 billion in current prices. This represents an increase of 3.5% in real terms since 2005 & has raised average spending per capital from $173 to $184 in current prices. Military spending amounted to 2.5% of world gross domestic product. This report analyzes ME in 2006 & sets it in the context of the main developments during the past decade. Analyzes trends in ME by region & in the 15 countries with the highest military expenditure. Looks at priorities in government spending & compares allocations for education, health care & the military. Analyzes ME in the U.S., assesses its economic impact & describes some alternative ways of viewing U.S. security spending as a whole. Charts & tables.

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