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World Arms Market
2016 (Just one year)
- The global arms market is one of the largest international markets with a value of 365 billion dollars in 2016
- Sales of the world's top 100 weapons companies reached $ 1 trillion in 2016
- 7 out of the 10 biggest/strongest weapons companies are in the United States.
- US arms sales reached $ 210 billion and accounted for 57% of arms sales of the top 100 global companies
- All sales of US arms companies reached 561 billion dollars
- The sales of Russian arms companies amounted to 30 billion dollars and represent 8% of arms sales of the top 100 global companies
Defense and arms - Statistics & Facts
For those who adhere to a realpolitik interpretation of international affairs, a bigger military is akin to a greater share of global power and influence. Whether such a framing of international relations is what dictates patterns in military spending or not, global defense spending appeared to plateau from 2009 to 2014. The largest contributor to the vast sums of money spent on defense and arms each year is the United States military. A look at the 15 countries with the highest military spending in 2015 shows that the United States spent almost 600 billion U.S. dollars, more than double that of China in second place.
This high amount of spending has helped to maintain the military dominance of the United States around the world. This stretches to a number of aspects and is evident in the United States accounting for more than a quarter of active military aircraft globally. Although current aircraft are important, new drone technology has created a new arms race arena. By 2020, the expected market value for military UAVs worldwide is set to reach 11.6 billion U.S. dollars.
Given the variance in country sizes and the strength of their respective economies, military expenditure as a percentage of gross domestic product is a useful tool for evaluating the importance particular states place on their military. In this measure Saudi Arabia stands out from all other countries. In 2015, 13.7 percent of the country’s gross domestic product was spent on defense and arms.
But when it comes to military power, size certainly matters. As such, larger states such as the United States and China have massive militaries despite spending less as a portion of their gross domestic product. China has the biggest military in the world in regards to military personnel, counting over 2.3 million people in their ranks. Despite placing more emphasis on technology and weaponry, the size of the United States military still numbers over 1.3 million.
https://www.statista.com/topics/1696/defense-and-arms/
2016 (Just one year)
- The global arms market is one of the largest international markets with a value of 365 billion dollars in 2016
- Sales of the world's top 100 weapons companies reached $ 1 trillion in 2016
- 7 out of the 10 biggest/strongest weapons companies are in the United States.
- US arms sales reached $ 210 billion and accounted for 57% of arms sales of the top 100 global companies
- All sales of US arms companies reached 561 billion dollars
- The sales of Russian arms companies amounted to 30 billion dollars and represent 8% of arms sales of the top 100 global companies
Defense and arms - Statistics & Facts
For those who adhere to a realpolitik interpretation of international affairs, a bigger military is akin to a greater share of global power and influence. Whether such a framing of international relations is what dictates patterns in military spending or not, global defense spending appeared to plateau from 2009 to 2014. The largest contributor to the vast sums of money spent on defense and arms each year is the United States military. A look at the 15 countries with the highest military spending in 2015 shows that the United States spent almost 600 billion U.S. dollars, more than double that of China in second place.
This high amount of spending has helped to maintain the military dominance of the United States around the world. This stretches to a number of aspects and is evident in the United States accounting for more than a quarter of active military aircraft globally. Although current aircraft are important, new drone technology has created a new arms race arena. By 2020, the expected market value for military UAVs worldwide is set to reach 11.6 billion U.S. dollars.
Given the variance in country sizes and the strength of their respective economies, military expenditure as a percentage of gross domestic product is a useful tool for evaluating the importance particular states place on their military. In this measure Saudi Arabia stands out from all other countries. In 2015, 13.7 percent of the country’s gross domestic product was spent on defense and arms.
But when it comes to military power, size certainly matters. As such, larger states such as the United States and China have massive militaries despite spending less as a portion of their gross domestic product. China has the biggest military in the world in regards to military personnel, counting over 2.3 million people in their ranks. Despite placing more emphasis on technology and weaponry, the size of the United States military still numbers over 1.3 million.
https://www.statista.com/topics/1696/defense-and-arms/
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