|Publisher||Stockholm International Peace Research Institute (SIPRI)|
|Series Title||SIPRI Fact Sheet|
|Series Details||April 2016|
|Publication Date||April 2016|
|Content Type||Journal | Series | Blog|
World military expenditure totalled almost $1.7 trillion in 2015, an increase of 1% in real terms from 2014, according to new figures from the Stockholm International Peace Research Institute (SIPRI) published on the 5 April 2016. The data was released to coincide with the start of the Stockholm Forum on Security and Development.
This was the first increase in military spending since 2011. The increase reflectefd continuing growth in Asia and Oceania, Central and Eastern Europe, and some Middle Eastern states. The decline in spending in the West was also levelling off. At the same time, spending decreased in Africa, and Latin America and the Caribbean. Thus, the global military expenditure picture was mixed.
The comprehensive annual update of the SIPRI Military Expenditure Database was accessible at www.sipri.org.
|Subject Categories||Business and Industry, Security and Defence|
|Countries / Regions||Europe|