Global annual military spending tops $1.2 trillion
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{{date|June 12, 2007}}

On Monday, the [[w:Stockholm International Peace Research Institute|Stockholm International Peace Research Institute]] released their ''SIPRI Yearbook 2007''.  In it they outline a number of world issues including annual global military expenditures. World military expenditure in 2006 is estimated to have reached $1,204 billion in current dollars with 15 countries having the highest spending and accounting for 83 per cent of the world total.

The large increase is the USA’s military.  Between September 2001 and June 2006, the US Government provided a total of $432 billion in annual and supplemental appropriations under the heading ‘global war on terrorism’.  China’s military expenditure continued to increase rapidly, for the first time surpassing that of Japan and hence making China the largest military spender in Asia and the fourth biggest in the world.  

The top five military spenders in US$ are: 
*United States $528.7-B
*United Kingdom $59.2-B
*France $53.1-B
*China $49.5-B
*Japan $43.7-B

==See also==
*[[w:List of countries and federations by military expenditures|List of countries and federations by military expenditures]]
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==Sources==
*{{source|url=http://www.theglobeandmail.com/servlet/story/LAC.20070612.ARMS12/TPStory/TPInternational/America/|title=China's defence spending races to match U.S.|author=Paul Koring|pub=The Globe and Mail|date=12 June 2007}}

*{{source|url=http://www.chinadaily.com.cn/world/2007-06/12/content_892127.htm|title=Report: Risk of nuclear warfare rising|author=Karl Ritter|pub=Associated Press|date=12 June 2007}}

*{{source|url=http://www.upi.com/International_Intelligence/Analysis/2007/06/12/analysis_the_dejavu_arms_race/6332/|title=The deja-vu arms race|author=Stefan Nicola|pub=United Press International|date=12 June 2007}}

*{{source|url=http://www.defensenews.com/story.php?F=2827016&C=america|title= U.S. Leads Upturn in World Military Spending|author=Pia Ohlin|pub=Defense News|date=12 June 2007}}

*{{source|url=http://in.today.reuters.com/news/newsArticle.aspx?type=worldNews&storyID=2007-06-11T204247Z_01_NOOTR_RTRMDNC_0_India-302619-1.xml&archived=False|title=Global military spending hits $1.2 trillion - study|author=Staff|pub=Reuters|date=11 June 2007}}

*{{source|url=http://www.sipri.org/contents/editors/YB07launch|title=SIPRI Yearbook 2007|author=Stockholm International Peace Research Institute|pub=SIPRI|date=11 June 2007}}

*{{source|url=http://news.bbc.co.uk/2/hi/business/4617721.stm|title=Weapons spending tops $1 trillion|author=Staff|pub=BBC|date=7 June 2007}}

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[[Category:China]]
[[Category:France]]
[[Category:Japan]]
[[Category:Politics and conflicts]]
[[Category:United Kingdom]]
[[Category:United States]]

</noinclude>
On Monday, the Stockholm International Peace Research Institute released their SIPRI Yearbook 2007.  In it they outline a number of world issues including annual global military expenditures. World military expenditure in 2006 is estimated to have reached $1,204 billion in current dollars with 15 countries having the highest spending and accounting for 83 per cent of the world total.

The large increase is the USA’s military.  Between September 2001 and June 2006, the US Government provided a total of $432 billion in annual and supplemental appropriations under the heading ‘global war on terrorism’.  China’s military expenditure continued to increase rapidly, for the first time surpassing that of Japan and hence making China the largest military spender in Asia and the fourth biggest in the world.  

The top five military spenders in US$ are: 
*United States $528.7-B
*United Kingdom $59.2-B
*France $53.1-B
*China $49.5-B
*Japan $43.7-B

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China France Japan Politics and conflicts United Kingdom United States