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Fez - Algeria and Angola are the biggest military spenders in Africa, according to a report on trends in global military expenditures released on April 13, 2015, by the Stockholm International Peace Research Institute (SIPRI).
The report indicates that rapid increases in military expenditures in both Algeria and Angola are due to the countries’ high oil revenues. Since 2005, Algeria and Angola are reported to have increased their expenditures by 12 percent and 6.7 percent respectively to $11.9 billion and $6.8 billion.
Since 2005, Algeria’s expenditure on military armament has tripled, according to the report, and it now spends more than 5 percent of its GDP on its military. The report questions whether the crash in oil prices in the second half of 2014 would halt the rising expenditures in the future.
The report does not mention Morocco this year. However, in March 2014, SIPRI published a separate report on arms, which found that Algeria was the leading importer of arms in Africa (accounting for 36 percent of total imports), with Morocco in second place (22 percent) from 2009 to 2013.
The United States still leads the world in military expenditures, to the tune of $610 billion in 2014, triple the amount spent by China, which occupies second position with $216 billion. Russia comes in third at $84.5 billion.
The report generally noticed a marginal fall in global military expenditures by about 0.4 percent compared to 2013, marking the third consecutive year that global military expenditures have decreased.
Concerning the Arab World, Saudi Arabia tops the list, occupying the fourth position in the world with an estimated $84.5 billion in expenditures, a 112 percent increase since 2005.
The post Algeria and Angola Biggest Military Spenders in Africa, Report appeared first on Morocco World News.
