On the 11th anniversary of terrorist attacks on the United States, we look at military spending for today’s market size post. According to a recent report by the Stockholm International Peace Research Institute which tracks military spending worldwide, the response to the September 11 attacks was “one of the dominating factors of the global security environment over the past 10 years, and a key factor influencing military spending in many countries.

Today’s market size is the measure of all military expenditures by countries around the world in 2011, of which the top three by overall spending were the United States with 41% of the total expenditure, China with 8%, and Russia with 4%.

Geographic reference: World
Year: 2011
Market size: $1.738 trillion
Source: SIPRI Yearbook 2012, Armaments, Disarmament, and International Security, Summary, pages 8-9, published in 2012 by the Stockholm International Peace Research Institute. The summary report is availalble online here.
Original source: SIPRI
Posted on September 11, 2012