Tuesday, April 12, 2011

Chart of the day is....

...Military spending in South America, according to this new report out of SIPRI this week:

You'll note two figures for 2010; the first is in constant prices and exchange rates over the ten years and the second (the different colour) is in non-adjusted 2010 dollars. Also, note the following from another section of the report (IKN highlights the fun bits):


Estimated total military expenditure in the Americas in 2010 was $791 billion ($721 billion in North America, $6.5 billion in Central America and the Caribbean, and $63.3 billion in South America).

Spending increased by 3.0 per cent in real terms over 2009 (2.8 per cent in North America, 1.9 per cent in Central America and the Caribbean, and 5.8 per cent in South America), and by 76 per cent compared to 2000 (80 per cent in North America, 28 per cent in Central America and the Caribbean, and 42 per cent in South America)

In North America, the USA spent $698 billion (an increase of 2.8 per cent) and Canada $22.8 billion (an increase of 3.3 per cent).

Military spending increased significantly in 7 of the 10 South American countries for which data is available. The largest percentage increases were in Paraguay (16.4 per cent) and Peru (15.9 per cent).

The largest percentage decrease was again in Venezuela, where spending fell by 27 per cent. Bolivia and Uruguay were the other countries cutting spending.