- Armament and disarmament
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- Peace and development
Off-budget spending and secrecy are limiting the democratic accountability of the military sector in Latin America and the Caribbean. This comes at a time when military spending is rising rapidly in the region. Nevertheless, transparency is improving and the increased military spending has not had an impact on health and education budgets, according to two new reports released by SIPRI today.
World military expenditure totalled $1.75 trillion in 2012, a fall of 0.5 per cent in real terms since 2011, according to figures released today by Stockholm International Peace Research Institute (SIPRI).*
World military expenditure totalled almost $1.7 trillion in 2015, an increase of 1 per cent in real terms from 2014, according to new figures from the Stockholm International Peace Research Institute (SIPRI). The data is being released to coincide with the start of the Stockholm Forum on Security and Development. The comprehensive annual update of the SIPRI Military Expenditure Database is accessible from today.
A ‘beta’ version of SIPRI's extended military expenditure dataset is now available, with data going back as far as 1949 for some countries.
Total global military expenditure rose to $1917 billion in 2019. The total for 2019 represents an increase of 3.6 per cent from 2018 and the largest annual growth in spending since 2010. The five largest spenders in 2019, which accounted for 62 per cent of expenditure, were the United States, China, India, Russia and Saudi Arabia.