World defense spending hits record mark
Worldwide defense spending is on the rise and has topped $1
trillion, online publication milaz.info said.
Expenses on the military field hit a record mark of about $1.6 trillion in 2007. The United States' spending accounted for $545.33 billion of the figure. Northern American countries spent $563.818 billion, while western European states - $182.184 billion, and those in the Asia Pacific region $175.276 billion. Middle Eastern states spent $42.693bn, while former Soviet republics - $37.722bn, and Latin American countries $29.109bn. With the exception of Egypt, African nations allocated $18.345bn for defense, while Eastern European countries - $17.34bn.
For comparison's sake, worldwide military expenditure made up about $597.371bn in 2000 and $985.687bn in 2006.
Expenses on the military field hit a record mark of about $1.6 trillion in 2007. The United States' spending accounted for $545.33 billion of the figure. Northern American countries spent $563.818 billion, while western European states - $182.184 billion, and those in the Asia Pacific region $175.276 billion. Middle Eastern states spent $42.693bn, while former Soviet republics - $37.722bn, and Latin American countries $29.109bn. With the exception of Egypt, African nations allocated $18.345bn for defense, while Eastern European countries - $17.34bn.
For comparison's sake, worldwide military expenditure made up about $597.371bn in 2000 and $985.687bn in 2006.
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