Contents

SIPRI Yearbook 2022

SIPRI Yearbook 2022

I. Global developments in military expenditure, 2021

Chapter:
8. Military expenditure and developments in arms production
Source:
SIPRI Yearbook 2022
Author(s):
Nan Tian

Global military expenditure is estimated to have reached US$2113 billion in 2021.1 This was the first time that global spending on military activities had surpassed $2 trillion, and in real terms it was higher than at any time since the end of the cold war.2 The 2021 total was 0.7 per cent higher in real terms than in 2020 and 12 per cent higher than in 2012. The increase in 2021 represented the seventh consecutive year of increases in military spending.

Citation (MLA):
Tian, Nan. "8. Military expenditure and developments in arms production." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2016. Web. 16 Feb. 2025. <https://www.sipriyearbook.org/view/9780192883032/sipri-9780192883032-chapter-008-div1-039.xml>.
Citation (APA):
Tian, N. (2016). 8. Military expenditure and developments in arms production. In SIPRI, SIPRI Yearbook 2022: Armaments, Disarmament and International Security. Oxford: Oxford University Press. Retrieved 16 Feb. 2025, from https://www.sipriyearbook.org/view/9780192883032/sipri-9780192883032-chapter-008-div1-039.xml
Citation (Chicago):
Tian, Nan. "8. Military expenditure and developments in arms production." In SIPRI Yearbook 2022: Armaments, Disarmament and International Security, SIPRI. (Oxford: Oxford University Press, 2016). Retrieved 16 Feb. 2025, from https://www.sipriyearbook.org/view/9780192883032/sipri-9780192883032-chapter-008-div1-039.xml
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