publication date: Jun 10, 2009
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author/source: Economist.com
Arming up
Jun 8th 2009
From Economist.com
The world's biggest military spenders by population
GLOBAL military expenditure rose by 4% in 2008 to a record $1.46
trillion, according to a new report by the Stockholm International
Peace Research Institute. Israel spends most on defence relative to its
population, shelling out over $2,300 a person, over $300 more than
America. Small and rich countries, and notably Gulf states, feature
prominently by this measure. Saudi Arabia ranks ninth in absolute
spending, but sixth by population. China has increased spending by 10%
to $85 billion to become the world's second largest spender. But it is
still dwarfed by America, whose outlay of $607 billion is higher than
that of the next 14 biggest spenders combined.
AFP