Stockholm International Peace Research Institute has released a report on arms market across the world.
- The U.S. arms industry accounted for 61% of sales by the world’s “Top 25” manufacturers last year, ahead of China’s 15.7%.
- Total sales by the “Top 25” rose by 8.5% to $361 billion, or 50 times the annual budget of the UN’s peacekeeping operations.
- China and the United States are the two biggest states in terms of global arms spending.
- For the first time, a company from the West Asia made it into the “Top 25”: EDGE, of the United Arab Emirates, was formed by the consolidation of some 25 defence entities in 2019.
- Stockholm International Peace Research Institute (SIPRI) established in 1966 is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament.
- Based in Stockholm the Institute provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public.