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The amount the world spent on accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding has fallen for the first time since 1998. This is accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding to the annual review of the Stockholm International Peace Research Institute (SIPRI). It said accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding military spending in 2012 fell to $1.75 trillion, a accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding of half a per cent from 2011. That figure is accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding 2.5 per cent of the world's GDP, or about $250 for every person on Earth. The USA was the biggest spender, although its accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding fell below 40 per cent for the first time. The USA and its NATO accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding spent one trillion dollars last year on their militaries. SIPRI said the accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding is largely accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding to a decrease in the amount spent on fighting wars, particularly with military action in Afghanistan accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding down.

SIPRI accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding that while spending is falling in America and Europe, it is on the rise accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding. SIPRI spokesman Sam Perlo-Freeman said: “We are seeing what may be the beginning of a accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding in the balance of world military spending from the rich Western countries to accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding regions." He said budgets in China, Russia, the Middle East and North Africa were on the rise. China is now the world's second-biggest spender after its accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding rose by 7.8 per cent last year. However, this accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding does not mean China is second in accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding of world military accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding. SIPRI said: "China in some accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding is still well behind Europe, even though it now spends as much as Britain, France and Germany accordingalliesarmsbudgetcombineddeclinedropdueelsewhereemergingexpenditureglobalnotedpowerrespectsroughlyshareshifttermswinding."