global military spending approaches $1t
World military spent $956 billion [ap via the toronto star]The $956 billion spent on defence costs worldwide represents 2.7 per cent of the world’s gross domestic product, according to the annual report.
the annual report is produced by the stockholm international peace research institute, and it’ll cost you 80GBP.
so, that works out to roughly 150 dollars per person… are you happy with how your 150 dollars were spent in 2003?
btw… world’s gross domestic product? do we have trade agreements with mars now? 🙂 another nit to pick is this in the ap article:
World military spent $956 billion [ap via the toronto star]Military spending rose 11 per cent in 2003, up 18 per cent from 2001, the last year for which figures were available.
in contrast with this:
World military spending in 2003 increased by about 11 per cent in real terms. This is a remarkable rate of increase, even more so given that it was preceded by an increase of 6.5 per cent in 2002. Over two years world military spending increased by 18 per cent in real terms, to reach $956 billion (in current dollars) in 2003.
i mean… it is an annual publication….
update: it helps when you do the math right. geez. that’s 150 dollars, not 15 cents. i’m surprised nobody picked my nits.