World military spending is going up, according to data released this week by the Stockholm International Peace Research Institute (SIPRI), the most authoritative and comprehensive international source on military expenditure.1 According to SIPRI, the world total increased by 2.6% in real, inflation-adjusted terms, reaching an estimated $1,822 billion. The figure is almost certainly an underestimate, given that some countries are completely excluded due to a lack of data (notably Qatar, Syria, and North Korea). A number of other countries, typically those with large natural resource revenues such as the Gulf states, often exclude spending on arms imports from the limited information they publish, funding such purchases directly from oil revenues without including them in the official budget.Continue reading “Arms race redux – SIPRI’s latest military expenditure data”
New SIPRI arms transfers data shows small overall increase in global trade, but huge increase in sales to the Middle East.
The Stockholm International Peace Research Institute (SIPRI) yesterday releasedits latest data on the global arms trade, for which it is by far the best source. The data provides details of deliveries of major conventional weapons worldwide from 1950-2018, both in numerical terms and with searchable lists of the actual weapons transferred between countries. The information can be found in SIPRI’s database, and some of the key points are discussed in a fact sheet also published yesterday.Continue reading “Wars, occupation, oppression, and corruption fuel a surging Middle East arms race”