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

Monday, April 11th 2011 - 06:29 UTC
Full article 15 comments

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
  • yul

    Dilma/
    construction--infrastructure.....construction--infrastructure....
    construction--infrastructure.....construction--infrastructure....

    Apr 11th, 2011 - 02:57 pm - Link - Report abuse 0
  • 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
  • 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
  • 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
  • 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
  • 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
  • artillero601

    thanks Yul ! I was wrong then ....

    Apr 11th, 2011 - 07:08 pm - Link - Report abuse 0
  • 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
  • briton

    yul, very good
    can you tell me what the UK imports please .

    Apr 11th, 2011 - 09:37 pm - Link - Report abuse 0
  • 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
  • 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
  • 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
  • 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
  • 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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