Stockholm International Peace Research Institute

World military spending was largely unchanged in 2014 as lower spending in the United States and Western Europe was matched by increases elsewhere, prompted by conflicts in the Middle East, Eastern Europe and Africa, an arms watchdog said April 13.

The Stockholm International Peace Research Institute (SIPRI) said total global arms expenditure was down 0.4 percent at $1.8 trillion.

China has surpassed Germany to become the world's third largest arms exporter, a Stockholm-based think tank said in a report on March 16.
   

World military expenditure totalled USD 1.75T in 2013, a fall of 1.9% since 2012, according to figures released by Stockholm International Peace Research Institute (SIPRI).