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The Telegraph: $1,570,000,000,000: how much the world spent on arms this year
Increased fears about global stability and the rise of new military powers is driving a return to steady growth in worldwide defence spending.
A new analysis of arms spending from Jane’s Defence Budgets report found that outlays on weapons, equipment rose 1pc in 2016, to a global total of $1.57 trillion.
The uptick marks a turning point in defence spending, according to Fenella McGerty, principal analyst at Jane’s, after a “lacklustre” period with budgets constrained by the aftermath of the financial crash.
“Defence spending returned to a healthy rate of growth in 2016, kicking off what we expect to be a decade of stronger global defence spending,” said Ms McGerty. “It should should recover to pre-financial crisis levels by 2018.”
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More News On Global Defense Budgets And Arms Sales
Growth to $1.57 trillion in global defence spending this year is set
to kick off decade of growth -- City AM
2016’s $1.57 Trillion Global Defence Spend to Kick off Decade of Growth, IHS Markit Says -- Business Wire
India’s outgunned Russia and Saudi Arabia to become the world’s fourth-largest defence spender -- Quartz
India beat Russia, France and Japan to be world's fourth largest defence spender -- IBTimes
China's defense spending to double to $233 billion -- CNN
Russia's 2016 Defense Spending Declines for 1st Time Since 1990s -- Sputnik
China and India set to drive a 10-year global arms race -- CNBC
U.S. Arms Sales Overseas Are On Record Pace With Big Mideast Sales -- Investors.com
In decline? Weapons business made $370.7 billion in 2015, with US dominating, study shows -- RT
Weapons business booming despite decline in sales: SIPRI report -- DW
Russia's arms sales rising while America's drop -- CNN
British arms companies buck global trend with increase in sales -- The Guardian
Global Weapons Sales: US-Based Companies Continue To Dominate Despite Fall In Sales, Report Shows -- IBTimes
2016’s $1.57 Trillion Global Defence Spend to Kick off Decade of Growth, IHS Markit Says -- Business Wire
India’s outgunned Russia and Saudi Arabia to become the world’s fourth-largest defence spender -- Quartz
India beat Russia, France and Japan to be world's fourth largest defence spender -- IBTimes
China's defense spending to double to $233 billion -- CNN
Russia's 2016 Defense Spending Declines for 1st Time Since 1990s -- Sputnik
China and India set to drive a 10-year global arms race -- CNBC
U.S. Arms Sales Overseas Are On Record Pace With Big Mideast Sales -- Investors.com
In decline? Weapons business made $370.7 billion in 2015, with US dominating, study shows -- RT
Weapons business booming despite decline in sales: SIPRI report -- DW
Russia's arms sales rising while America's drop -- CNN
British arms companies buck global trend with increase in sales -- The Guardian
Global Weapons Sales: US-Based Companies Continue To Dominate Despite Fall In Sales, Report Shows -- IBTimes
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