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Contents

SIPRI Yearbook 2022

SIPRI Yearbook 2022

8. Military expenditure and developments in arms production

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

Global military expenditure rose for the seventh consecutive year in 2021 to reach US$2113 billion. This was the highest level since SIPRI started estimating total world military expenditure and the first time that it has exceed $2 trillion (see section I). Military spending accounted for 2.2 per cent of global gross domestic product (GDP), equivalent to $268 per person. World spending was 0.7 per cent higher than in 2020 and 12 per cent higher than in 2012.

Citation (MLA):
Tian, Nan. "8. Military expenditure and developments in arms production." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2016. Web. 27 Sep. 2022. <https://www.sipriyearbook.org/view/9780192883032/sipri-9780192883032-chapter-008.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 27 Sep. 2022, from https://www.sipriyearbook.org/view/9780192883032/sipri-9780192883032-chapter-008.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 27 Sep. 2022, from https://www.sipriyearbook.org/view/9780192883032/sipri-9780192883032-chapter-008.xml
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