Global Military Spending Tops $1T
June 7, 2005 10:00 AM Subscribe
Donald Rumsfeld recently aimed critisicm at China's military spending. “Since no nation threatens China, one must wonder: Why this growing investment? Why these continuing large and expanding arms purchases?”
A question he may well ask of himself. According to
a report recently released by the
Stockholm International Peace Research Institute (in our fair city) Global Military Spending topped $1Trillion in 2004.
The United States accounted for 47 percent of all military expenditures, while Britain and France each made up 5 percent of the total. In all, 15 countries accounted for 82 percent of the world's total military spending. The BBC
reported last month that Chinese military spending increased by 12% in 2004 to $25Bn - or one twentieth of what the US spends.
posted by three blind mice (45 comments total)
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Don't think that they will be dumb enough to be driving around in unarmored hummers through the comming warzone.
But the US is still spending 47% of the worlds weapons dollars, so.. they have a while to catch up to our spending level.
Can anyone point to a graph of US-Chineese military capibility?
Just how do we stack up now, and who's moving ahead faster?
posted by Balisong at 10:30 AM on June 7, 2005