Global arms spend hits $1.12 trillion in 2005: report

(Reuters) - U.S. spending in Iraq and Afghanistan is expected to help push global military expenditure further up in 2006 after hitting $1.12 trillion a year earlier, a research body said on Monday.

The Stockholm International Peace Research Institute (SIPRI) said in its latest yearbook that the United States was behind 48 percent of total world arms spending in 2005 and had accounted for most of the year's 3.5 percent overall gain.

Several states, including Saudi Arabia and Russia, have used a sharp rise in oil prices to boost military spending. The biggest increase worldwide was in the ex-Soviet state of Georgia, which surged by more than 140 percent to $146 million.

"Looking ahead, increasing trends in world military expenditure show little sign of abating in the near future," the Swedish government-funded institute said.

The United States, France and the United Kingdom were all involved in costly overseas operations while China was carrying out a modernization of its People's Liberation Army.

"In these circumstances, there is a strong likelihood that the current upward trend in world military spending will be sustained in 2006," SIPRI added.

Britain, France, Japan and China accounted for 4 to 5 percent each of world arms spending, which overall equaled 2.5 percent of world gross domestic product, or $173 per capita.

RAW MATERIALS FUEL RISES

A process of concentration of spending continued in 2005, it added, as 15 countries with the highest spending accounted for 84 percent of the world total.

The global rise in raw materials' prices helped some countries spend more on weapons, particularly Algeria, Azerbaijan, Russia and Saudi Arabia.

China and India also increased spending, the institute said.

"In absolute terms, their current spending is only a fraction of the USA's. Their increases are largely commensurate with their economic growth," it added.

Oil-rich Saudi Arabia boosted its military spending by $4.6 billion in 2005 to $25 billion. This increase meant that the Middle East as a whole showed a rise in defense outlays, which would otherwise have fallen, the institute said.

Arms spending in Iran also rose in 2005 by around 3.9 percent to $7 billion.

Elsewhere in the world, the institute noted massive arms spending rises in the Caucasus, with Georgia leading the region with 143 percent. Azerbaijan came next with 51 percent and Armenia with nearly 23 percent.

The institute said that the official explanation for Georgia's large rise in spending was a wish to join NATO, while others argued that Tbilisi wanted to regain control over the renegade regions of Abkhazia and South Ossetia.

Iran's Zarif says world should oppose U.S. sanctions or expect same
Iran's Zarif says world should oppose U.S. sanctions or expect same
Trump plans executive order to punish arms trade with Iran
Trump plans executive order to punish arms trade with Iran
Iranian students hold rally in front of Armenian Embassy in Tehran
Iranian students hold rally in front of Armenian Embassy in Tehran
Loading Bars
Latest
Trump Says He’s Approved Oracle Deal For U.S. Tiktok
Iran's Zarif says world should oppose U.S. sanctions or expect same
Rolls-Royce plans to raise up to £2.5 billion as COVID-19 bites
Moscow's death toll from confirmed coronavirus cases rises by 13 - crisis center
Turkey reports 1,538 new COVID-19 cases, 68 deaths
Tajikistan decreases export volumes to Kazakhstan
Police clash with protesters at anti-lockdown demonstration in London
Georgian PM: Our victory must be an economically strong, educated, fair and European state
Iran's Persian Gulf Bid Boland Gas Refining Company declares amount of revenues to be received
Uzbekistan’s car manufacturing company to issue shares for public offering
Trump says he will name Supreme Court successor to liberal Ginsburg 'without delay'
Commander of Azerbaijani Naval Forces comments on information in social networks about Turkish coordinating officer
Gas transportation in Iran expands
Two dead as destructive storm Ianos hits central Greece
Kazakhstan decreases goods export to Ukraine amid COVID-19
Iran and Turkey's gas trade depends on future exploration in the Black Sea
President: If Azerbaijan had been an independent country then, we could have become the richest country in the world
Poland reports over 1,000 new COVID-19 infections, record high since outbreak
CEC sets coronavirus-related safety guidelines for Election Day
China's economy remains resilient despite external risks, says Xi
Iran's Bahar Azadi gold coin price falling
Iranian Energy Exchange announces products to be on sale September 20
Azerbaijani energy minister stresses importance of co-op within OPEC + format
Ukraine becomes popular destination for Turkish citizens looking for job
General Inspection Organization of Iran strengthen monitoring of banks
Uzbek-Chinese Asia Trans Gas to buy coolant and lubricants via tender
President Ilham Aliyev: The activities of our oil workers serve the interests of the Azerbaijani people
Madrid residents facing localised lockdown doubt curbs will work
TikTok files complaint against Trump administration to try to block U.S. ban
Geostat: Milk, meat production up in Georgia
Germany plans reform to avoid bankruptcy wave due to corona
Turkey decreases value of trade with Turkmenistan
Iran`s Rana Plus car to be launched in October
Uzbek-Chinese Asia Trans Gas to buy air filters via tender
President Aliyev: Key part of Azerbaijan's economy associated with oil and gas sector, and this to be case for many years to come
Azerbaijani president: New phase beginning for Absheron gas condensate field
Azerbaijan confirms 177 more COVID-19 recoveries
EU's share in total import of Azerbaijan up
Azerbaijan's eight-month export of gourds shows uptick
Azerbaijani startup launches new project for automating calculations of repair services
Iranian official: neither side fulfills their obligations in nuclear deal
Iran reveals amount of loans issued to manufacturing enterprises
Update on ski resort construction in Uzbekistan
Azerbaijan expecting inflation decrease by end of 2020
Bank of Georgia raises funds from Citibank to finance trade
Azerbaijani community: Armenia to be held responsible for massacre in Khankendi (PHOTO)
Iranian President expresses concern over people ignoring health protocols
Deaths from coronavirus exceed 24,000 in Iran
Turkmenistan increases imports of steel from Turkey
Iran Export Guarantee Fund`s support for exporters doubles
Kazakhstan's cargo transportation volumes decrease
Trial of social distancing rules on 2 Iranian airlines
Turkmenistan’s Exchange to be transformed into joint-stock company
Buy/sell operation at Iran Mercantile Exchange disclosed
Capital of banks in Iran announced
President Ilham Aliyev attends groundbreaking ceremony of Absheron field offshore operations (PHOTO)
Prices of Azerbaijani oil fluctuate
IMF talks Georgia's investment potential
Defense Minister: Azerbaijan Army ready to suppress any provocations of Armenia, undertake strong retaliatory actions
SOCAR applying digital road map for using high technologies
Uzbek Agroindustry and Food Security Agency to buy laboratory equipment via tender
Production of several products in Iran climbs
Weekly review of Azerbaijan's precious metals market
SOCAR gives sneak peek of its new dev’t strategy
Weekly review of Azerbaijani currency market
Georgian Tbilisi to be host city for 2021 ADB’s 54th Annual Meeting
Azerbaijani FM receives head of International Committee of Red Cross Delegation (PHOTO)
IMF, Turkmenistan review indicators for country's state budget
Minister: Georgia shows signs of economic recovery
Active supply of Turkish cement to Italy amid pandemic recorded
Uzbekistan to include goods and services in Unified Electronic Catalog
Kazakhstan's oil & gas company opens tender to buy filter blocks
Azerbaijani Central Bank unveils number of borrowers with restructured loans
Georgia sees increase in COVID-19 cases
Production started at Uzbek gas condensate field
Japan, Uzbekistan to increase tourist flow between countries
Turkmen Ministry of Construction to purchase equipment from Italian company
Kazakhstan, Russia agree to resume mutual flights
Turkmenistan, Ukraine discuss trade, economic cooperation
Iranian currency rates for September 19
Number of coronavirus cases in Uzbekistan pass 50,000
Armenia violates ceasefire with Azerbaijan 36 times
Australia COVID-19 hotspot records fewest cases since June
Turkey summons Greek envoy over expletive headline against Erdoğan
E3 says Iran sanctions relief to continue beyond Sep. 20
Georgia sends armored medical evacuation vehicles to Indonesia
65 new COVID-19 infections reported in Kazakhstan over past day
UN, Kazakhstan intend substantially contribute to environmental resilience (INTERVIEW)
Japan's new PM Suga to meet with Pompeo in October
Chinese mainland reports 14 new imported COVID-19 cases
Brazil's COVID-19 death toll tops 135,000
French finance minister tests positive for COVID-19
Trump says he sees no reason to delay TikTok decision
Eleven more coronavirus patients die in Moscow in past day
Qatar reports 224 new COVID-19 cases, 122,917 in total
Kazakhstan's crude oil exports to India surge in 1H2020
Georgia to acquire 135 000 doses of flu vaccines in October
Istanbul introduces alternate working hours for public servants amid COVID-19 pandemic
Kazakhstan launches programming learning platform
UK PM Johnson says second wave of virus inevitable, new restrictions possible
All news