South America military expenditure up 2010, but insignificant in global terms

Monday, April 11th 2011 - 06:29 UTC

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The region with the largest increase in military expenditure in 2010 was South America, with a 5.8% increase in real terms, reaching a total of 63.3 billion US dollars according to the latest report from the Stockholm International Peace Research Institute, SIPRI. Read full article

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GeoffWard
No threats in S.A. so keep military spend as low as possible.

Dilma - well done putting military mega-equipment on hold. Much need for spend on Education, Infrastructure and high-tech expansion by *Brasilian SMEs.

Venezuela - basket case, needing to borrow for military spend to protect Chavez from the people (Russian arms, Cuban troops).
Apr 11th, 2011 - 12:31 pm - Link - Report abuse 0
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yul
Dilma/
construction--infrastructure.....construction--infrastructure....
construction--infrastructure.....construction--infrastructure....
Apr 11th, 2011 - 02:57 pm - Link - Report abuse 0
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Rufus
Brazil's main potential problem is what will happen when the wheels inevitably come off the basket case in question (the one that they share a border with).

Everyone knows that a glorious recovery of land that never belonged to them in the first place is a very good way for an unpopular dictator to stay in power, as long as it works.
Apr 11th, 2011 - 02:57 pm - Link - Report abuse 0
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artillero601
@1 ..Venezuela - basket case, needing to borrow for military spend to protect Chavez from the people....

Geoff, more likely and invasion from the US. What do you think?
Apr 11th, 2011 - 03:13 pm - Link - Report abuse 0
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GeoffWard
No, don't think so, unless a vote goes the same way as the Ivory Coast. In which case it would be a UN initiative.
Chavez is 'crazy' but not stupid. He would not push the USA into action involving invasion.
USA has a vested interest in keeping SA quiescent whilst much of the rest of the world is undergoing change.
. . . but I have been known to be wrong ;-)
Apr 11th, 2011 - 05:29 pm - Link - Report abuse 0
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artillero601
@5 ...Correct me if I'm wrong but I read somewhere that 70% of the oil that comes to the US is from Venezuela?
Apr 11th, 2011 - 06:13 pm - Link - Report abuse 0
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yul
#6/

USA imports --% ... from below originated countries-- ;

22% from Saudi Arabia
22% from Nigeria
19% from Venezuela
17% from Canada
15% from Mexico
5 % from Norway.
Apr 11th, 2011 - 06:36 pm - Link - Report abuse 0
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artillero601
thanks Yul ! I was wrong then ....
Apr 11th, 2011 - 07:08 pm - Link - Report abuse 0
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Forgetit87
I don't think Venezuela needs to borrow to buy weapons. Oil revenues are still high in there.
Apr 11th, 2011 - 09:06 pm - Link - Report abuse 0
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briton
yul, very good
can you tell me what the UK imports please .
Apr 11th, 2011 - 09:37 pm - Link - Report abuse 0
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Martin_Fierro
The countries with the highest defense budget are the ones collapsing, gotta be a clue... don't you think?

“South America military expenditure up 2010, but insignificant in global terms”

Thank you for the compliment Mercopress
Apr 12th, 2011 - 12:18 am - Link - Report abuse 0
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Forgetit87
Argentina has climbed three positions from the previous and the UK has fallen one.

http://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures

I am myself updating the ranking's entries. No other user is helping me out, so if one of you want to give me a hand, I'd be grateful. All entries up to the 81st already had their values updated.
Apr 12th, 2011 - 01:40 am - Link - Report abuse 0
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stick up your junta
The Argentine government has announced plans to increase defence expenditure, which stood at 0.7% of GDP in 2010, to 1.5% of

The large growth in the defence budget was due to increased personnel salaries, but overall defence budget is expected to register a CAGR of 15.87% during the forecast period to reach 5.5 billion USD by 2015.

Mind you if it does kick off down south,the Argies will have well paid POW'S
Apr 12th, 2011 - 07:06 am - Link - Report abuse 0
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yul
#10 briton /

UK imports oil from /2010 :
(of total importation)
70% .... Norway
14% .....Russia
5 % .....Nigeria
6 % ......Libya
5 %.......Middle East.

# UK , 4 % local oil consumption from Libya oil !

UK exports oil to /2010 :
(of total oil exportation)
40 % .... Holland
24 % .... USA
17 % ....Germany
19 % .....France ,Canada, Spain ,Chile...
Apr 12th, 2011 - 11:09 am - Link - Report abuse 0
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artillero601
@13 ....Mind you if it does kick off down south,the Argies will have well paid POW'S ...
Thank you for the ride back, greatly appreciated !!!
Apr 14th, 2011 - 12:20 am - Link - Report abuse 0
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