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

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

 


 
 

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