World military expenditures in 2008 were more than US $1.46 trillion

THURSDAY 11 JUNE. According to the Stockholm International Peace Research Institute (SIPRIi), world military expenditures in 2008 were more than US $1.46 trillion, with the US spending $607 billion, or 41.5% of the total. China moved up to second place, with $84.9 billion (5.8%). Those two, along with France, the UK, Russia, Germany, Japan, Italy, Saudi Arabia, and India, in that order, comprise the top ten military spenders as a percentage of GDP.

Furthermore, as of January this year there were more than 23,300 nuclear weapons held by eight states (excluding any held by North Korea) actively deployed, in storage and waiting dismantlement.

Read the summary of armaments, disarmament and international security in SIPRI's yearbook 2009.