Asian spending exceeds global average
Defence spending in Asia and Oceania has risen considerably last year according to data released by the Stockholm International Peace Research Institute (SIPRI).
In fact in 2016 it rose 4.6% compared to 2015 and total spending increased to $450 billion, which was well over a quarter of the global figure of $1,686 billion.
In comparison, the 4.6% rise in Asia-Pacific last year greatly transcended the global average increase of 0.4% compared to 2015.
However, this rate of growth was lower than the previous two years, and SIPRI attributed this as being ‘partially related to the slowdown in the growth of
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