SIPRI Yearbook 2013
I. Global developments in military expenditure
World military expenditure fell in 2012, for the first time since 1998. The world total is estimated to have been $1756 billion, which is 0.4 per cent lower in real terms than in 2011. Military expenditure as a share of global gross domestic product (GDP)—the global ‘military burden’—also remained stable, at around 2.5 per cent (see table 3.1). The 2008 global financial crisis and subsequent economic turmoil, combined with the winding down of wars in Afghanistan and Iraq, has clearly led to an end to the overall trend of rising military spending that started in 1999.
- Citation (MLA):
- Perlo-Freeman, Sam. "3. Military expenditure." SIPRI Yearbook. SIPRI. Oxford: Oxford University Press. 2016. Web. 8 Nov. 2024. <https://www.sipriyearbook.org/view/9780199678433/sipri-9780199678433-div1-18.xml>.
- Citation (APA):
- Perlo-Freeman, S. (2016). 3. Military expenditure. In SIPRI, SIPRI Yearbook 2013: Armaments, Disarmament and International Security. Oxford: Oxford University Press. Retrieved 8 Nov. 2024, from https://www.sipriyearbook.org/view/9780199678433/sipri-9780199678433-div1-18.xml
- Citation (Chicago):
- Perlo-Freeman, Sam. "3. Military expenditure." In SIPRI Yearbook 2013: Armaments, Disarmament and International Security, SIPRI. (Oxford: Oxford University Press, 2016). Retrieved 8 Nov. 2024, from https://www.sipriyearbook.org/view/9780199678433/sipri-9780199678433-div1-18.xml
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