2,000. The United States spends nearly $2,000 a person on defense and accounts for over 40 percent of global military expenditure. Yesterday, the Stockholm International Peace Research Institute released its annual yearbook on arms and international security. Worldwide defense spending reached $1.46 trillion in 2008, up four percent from 2007 and 45 percent since 1999. Even though the US accounted for the bulk of the increase, it’s not alone.
“The Yearbook shows that the USA accounted for the majority (58%) of the global increase between 1999 and 2008, with its military spending growing by $219 billion in constant 2005 prices over the period. Even so, it was far from the only country to pursue such a course. China and Russia, with absolute increases of $42 billion and $24 billion respectively, both nearly tripled their military expenditure over the decade. Other regional powers – particularly India, Saudi Arabia, Iran, Israel, Brazil, South Korea, Algeria and the UK – also made substantial contributions to the total increase.
“‘The idea of the “war on terror” has encouraged many countries to see their problems through a highly militarized lens, using this to justify high military spending,’ comments Dr Sam Perlo-Freeman, Head of the Military Expenditure Project at SIPRI. ‘Meanwhile, the wars in Iraq and Afghanistan have cost $903 billion in additional military spending by the USA alone.’”
Image from the Economist.
