World military spending grew 45 percent in the past decade, with the United States accounting for nearly half of all expenditure, the Stockholm International Peace Research Institute (SIPRI) said Monday. Military spending grew six percent last year alone, according to SIPRI's annual report.
(...) In 2007, 1,339 billion dollars (851 billion euros) was spent on arms and other military expenditure, corresponding to 2.5 percent of global gross domestic product, or GDP -- or 202 dollars for each of the world's 6.6 billion people.
(...) As a direct result of the increased military outlay, sales by the world's 100 leading arms producing companies (excluding in China) jumped nearly nine percent in 2006 compared to the year before to 315 billion dollars, SIPRI said. Sixty-three of the 100 top weapons firms are based in the United States and Western Europe, accounting alone for 292.3 billion dollars in sales in 2006, the last year for which SIPRI has numbers.
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