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Contents

SIPRI Yearbook 2020

SIPRI Yearbook 2020

I. Global developments in military expenditure, 2019

Chapter:
8. Military expenditure
Source:
SIPRI Yearbook 2020
Author(s):
Nan Tian

World military expenditure in 2019 is estimated to have been more than US$1.9 trillion, the highest level since SIPRI started estimating total world military expenditure.1 It was 3.6 per cent higher in real terms than in 2018 and 7.2 per cent higher than in 2010 (see table 8.1 and figure 8.1).2 World military spending rose in each of the five years from 2015, having decreased almost steadily from 2011 until 2014 following the global financial and economic crisis. The world military burden—global military expenditure as a share of global gross domestic product (GDP)—was 2.2 per cent in 2019, after a minor increase from 2018.3 Military spending per capita increased from $243 in 2018 to $249 in 2019 as the growth in military spending surpassed world population growth (1.1 per cent).

Citation (MLA):
Tian, Nan. "8. Military expenditure." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2016. Web. 4 Dec. 2020. <https://www.sipriyearbook.org/view/9780198869207/sipri-9780198869207-chapter-008-div1-081.xml>.
Citation (APA):
Tian, N. (2016). 8. Military expenditure. In SIPRI, SIPRI Yearbook 2020: Armaments, Disarmament and International Security. Oxford: Oxford University Press. Retrieved 4 Dec. 2020, from https://www.sipriyearbook.org/view/9780198869207/sipri-9780198869207-chapter-008-div1-081.xml
Citation (Chicago):
Tian, Nan. "8. Military expenditure." In SIPRI Yearbook 2020: Armaments, Disarmament and International Security, SIPRI. (Oxford: Oxford University Press, 2016). Retrieved 4 Dec. 2020, from https://www.sipriyearbook.org/view/9780198869207/sipri-9780198869207-chapter-008-div1-081.xml
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