Most of these arms suppliers are not likely to consistently rank with the traditional major suppliers of advanced weaponry in the value of their arms agreements and deliveries. The earlier 2006 Grimmett report also explained that, These arms suppliers also are more likely to be sources of small arms and light weapons, and associated ordnance, rather than routine sellers of major military equipment. While some general data are provided on worldwide conventional arms transfers by all suppliers, The principal focus of this report is the level of arms transfers by major weapons suppliers and in addition, to nations in the developing world - where most of the potential for the outbreak of regional military conflicts currently exists. The report typically follows the trends of major arms suppliers, but as was noted in the 2007 Grimmett Report, there has been an increase in participation of other non-traditional suppliers, such as Israel, Spain, Sweden and Ukraine. The following breakdowns are based on this report. They provide insight into where the arms are going. These reports are also known as the Grimmett Report, after the author, Richard F. The latest report (as of writing), released August 24, 2012, is titled Conventional Arms Transfers to Developing Nations, 2003-2011. Congressional Research Service releases an authoritative report looking at arms transfers to the developing world. In more recent years, annual sales of arms have risen to around $50-60 billion although the global financial crisis is slowly beginning to be felt in arms sales too.Įvery year, the U.S. Each year, around 30-35 billion dollars are made in actual sales (agreements, or signing of contracts).Some 40 to 50 billion dollars are in actual deliveries, (that is, the delivery of sales, which can be many years after the initial contract is signed).The main portion is usually on operations, maintenance and personnel.Arms procurement is normally 20-30% of their military budgets.World Military Spending Out Does Anything ElseĪs detailed further on the next page on military expenditure, world military spending has now reached one trillion dollars, close to Cold War levels.Īs summarized from the Military Balance, 2000/2001, by the International Institute for Strategic Studies (October 2001), for the larger arms-purchasing nations each year: Government Military Budgets and Spending.It does not seem to matter who arms are sold to.
As world trade globalizes, so does the trade in arms.World Military Spending Out Does Anything Else.The world spends some $1,000 billion annually on the military. expanded side notes, shows alternative links), use the print version: This page last updated Saturday, January 05, 2013.
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