|Publisher||Stockholm International Peace Research Institute (SIPRI)|
|Series Title||SIPRI Fact Sheet|
|Series Details||April 2015|
|Publication Date||April 2015|
|Content Type||Journal | Series | Blog|
Global military expenditure in 2014 was an estimated $1776 billion, representing a marginal fall of about 0.4 per cent in real terms compared to 2013. Total expenditure was equivalent to 2.3 per cent of global gross domestic product (GDP). This was, according to the report, the third consecutive year that total global military expenditure had decreased.
The pattern of the previous years — whereby military expenditure fell in the United States and Western Europe, but increased elsewhere — largely continued in 2014, although spending in Latin America was essentially unchanged.
Spending in Central Europe broke with recent trends and began to rise again following the large falls in previous years resulting from the global ﬁnancial crisis that began in 2008.
|Countries / Regions||Europe|