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« Happy Earth Day By George Carlin | Main | The U.S. Is Broke But Somehow Finds $1 Trillion To Operate New F-35 Fighter, China Makes A Killing On Gold, Muni Default Chart, Wall Street Pay Watch, Nil Baby Nil (LINKS) »
Friday
Apr222011

CHART: U.S. Military Spending Vs. The World

The increase in 2010 is almost entirely down to the United States, which accounted for $19.6 billion of the $20.6 billion real-terms increase.  Excluding the U.S., the total in the ‘rest of the world’ barely changed in 2010, increasing by a statistically insignificant 0.1 per cent.

Greg Scoblete summarizes the rest of the world:

The Stockholm International Peace Research Institute has a new report out highlighting global military expenditures.  As the above chart indicates, the U.S. retains a healthy lead.

Regionally, defense spending in Europe has fallen 2.8 percent while spending in South America has risen by 5.8 percent and in Africa by 5.2 percent. Brazil drove a lot of the South American growth. Asia rose only a modest 1.4 percent, which the Institute said was slower than previous years. Overall, global military expenditures ticked up slightly at 1.3 percent, the slowest growth rate since 2001.

 

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Reader Comments (9)

Background paper on SIPRI military expenditure data, 2010

http://www.sipri.org/research/armaments/milex/factsheet2010
Apr 22, 2011 at 9:31 AM | Registered CommenterDailyBail
(Reuters) - President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices.

http://www.reuters.com/article/2011/04/21/us-obama-oil-idUSTRE73K6WW20110421
Apr 22, 2011 at 9:33 AM | Registered CommenterDailyBail
Apr 22, 2011 at 9:34 AM | Registered CommenterDailyBail
Apr 22, 2011 at 9:35 AM | Registered CommenterDailyBail
http://www.economicpolicyjournal.com/2011/04/federal-reserve-paying-banks-interest.html

Federal Reserve Paying Banks Interest Rate That Is Eight Times Market Rate
Apr 22, 2011 at 9:37 AM | Registered CommenterDailyBail
U.S. Senator John McCain arrives in Benghazi

http://news.xinhuanet.com/english2010/world/2011-04/22/c_13841509.htm

[snip]

McCain is a strong proponent in U.S. Congress of the military intervention in Libya. He pressed for U.S. military intervention in Libya in February, citing the humanitarian tragedies in Rwanda and Bosnia in the 1990s.
Apr 22, 2011 at 9:53 AM | Unregistered Commenterjohn
Pastor Terry Jones fires gun in car after meeting with imam

http://en.rian.ru/world/20110422/163653296.html
Apr 22, 2011 at 10:00 AM | Unregistered Commenterjohn
"an unhealthy lead".
Apr 23, 2011 at 9:34 PM | Unregistered CommenterJacob
Obama hires a whole team to find out who is raising gasoline prices. How many people does it take him to find the toilet paper? He should hire one pro if it is servicing he is after. Bush did and shared him with Tony Blair and Carl Rove.
Greed+European royals losing empire+slow-learning inbred people + American electoral process = the U.S. being over run by military spending.
Apr 26, 2011 at 2:01 PM | Unregistered CommenterHoward T. Lewis III

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