Washington: In 10 years from 1995 to 2005, the military expenditure in South Asia increased by 50 percent, and one in every 10 military personnel in the world are in this part of the globe, a US report has said. (Agencies)
"From 1995 to 2005, the military expenditures of the states of South Asia appear to have risen about 50 percent in absolute terms and about 23 percent per capita terms," said the report "World Military Expenditure and Arms Transfers 2005: Highlights and Trends", released by the US State Department.
"South Asia's share of world military spending appears to have risen from about 1.8 percent in 1995 to about 2.1 percent in 2005. During the decade, the share of the sum of South Asia's GDPs to which its military expenditures were equivalent appears to have fallen from 2.7 percent in 1995 to 2.4 percent in 2005," the report said.
During 1995 through 2005, South Asia's arms exports appear to have been negligible, while the annual value of its arms imports appears to have ranged from about USD 1 billion to about USD 4 billion, trending upward, it said.
The region's share of world arms imports appears to have been about three percent, trending upward and exceeding four percent in 2004-05, the report said.
"South Asia's arms imports appear to have been equivalent to about 1.6 percent of its recorded imports of all goods and services, and its arms trade deficit appears to have been about USD 26 billion, equivalent to about five percent of its recorded trade deficit in all goods and services," it said.
Globally the report said, in constant-2005-dollar real-exchange-rate terms, world military expenditures appear to have risen about 30 percent from 1995 to 2005, reaching nearly USD 1.2 trillion in 2005.
The increase accelerated during the second half of the decade, from less than six percent between 1995 and 2000 to almost 24 percent between 2000 and 2005.
Washington: In 10 years from 1995 to 2005, the military expenditure in South Asia increased by 50 percent, and one in every 10 military personnel in the world are in this part of the globe, a US report has said.