Stockholm International Peace Research Institute (SIPRI) on 14 April 2014 released a report titled Trends in world military expenditure, 2013. SIPRI in its report has shown that the world military expenditure declined by 1.9 percent in real terms, since 2012. The release said that the total expenditure in 2013 was 1.75 trillion dollars.
The release ranked India at the ninth position in the list of top spenders in 2013 compared to 8th rank in 2012. India in 2013 spent 47.4 billion dollars on military.
SIPRI report highlighted that the fall in the global expenditure was because of decline in spending on military by Western Countries, led by United States. However, according to the report, expenditure in all other regions, excluding the US increased by 1.8 percent.
As per the report the three highest spenders with substantial increases are
• Saudi Arabia (increased by 14 per cent, to reach 67 billion dollar)
These three countries are among the 23 countries around the world that have more than doubled their military expenditure since 2004. Saudi Arabia leapfrogged the United Kingdom, Japan and France to become the world’s fourth largest military spender.
SIPRI in its report has highlighted that the US spending declined in 2013 by 7.8 percent due to
• The end of the war in Iraq
• Beginning of the crackdown from Afghanistan
• The effects of automatic budget cuts passed by the US Congress in 2011
It has highlighted that the military spending in the Middle East in 2013 increased by 4.0 percent helping it to reach 150 billion dollars.
Countries with highest military expenditure in 2013 as per SIPRI release
• USA: 640 billion dollar
• China: 188 billion dollar
• Russia: 87.8 billion dollar
• Saudi Arabia: 67 billion dollar
• France: 61.2 billion dollar
• UK: 57.9 billion dollar
• Germany: 48.8 billion dollar
• Japan: 48.6 billion dollar
• India: 47.4 billion dollar
• South Korea: 33.9 billion dollar
• Italy: 32.7 billion dollar
• Brazil: 31.5 billion dollar
• Australia: 24 billion dollar
• Turkey: 19.1 billion dollar
• UAE: 19 billion dollar
Director of SIPRI’s Military Expenditure Programme - Dr Sam Perlo-Freeman
SIPRI is an organisation based in Stockholm, Sweden monitors the developments in military expenditure worldwide. It also maintains the most comprehensive, consistent and extensive data source available in military expenditure. It is an organisation that discourages use of terms like arms spending when it refers to military expenditure as spending on armaments.
When: 14 April 2014