Nearly 69 % of global arms sale is from the US, to the value of $38b in 2008.
U.S. increases share of global arms sale amid recession
U.S. increases share of global arms sale amid recession
WASHINGTON, Sept. 7 (Xinhua) -- The United States increased its share to more than two-thirds of all global arms sale last year, further bolstering its status as the number one weapons supplier in the world amid global economic recession.
According to a new Congressional study, Washington inked arms deals valued at 37.8 billion U.S. dollars in 2008, accounting for 68.4 percent of the global total.
That's a substantial hike over the 25.4-billion-dollar U.S. arms sales in 2007, Monday's New York Times commented on the figures.
Italy was the number two arms seller last year, with a distant total at 3.7 billion dollars, followed by Russia.
The U.S. arms sale increase was particularly noticeable against worldwide trends, affected by global economic downturn.
The value of global arms sales recorded at 55.2 billion dollars last year, down 7.6 percent from that of the year before.
According to a new Congressional study, Washington inked arms deals valued at 37.8 billion U.S. dollars in 2008, accounting for 68.4 percent of the global total.
That's a substantial hike over the 25.4-billion-dollar U.S. arms sales in 2007, Monday's New York Times commented on the figures.
Italy was the number two arms seller last year, with a distant total at 3.7 billion dollars, followed by Russia.
The U.S. arms sale increase was particularly noticeable against worldwide trends, affected by global economic downturn.
The value of global arms sales recorded at 55.2 billion dollars last year, down 7.6 percent from that of the year before.
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