The arms industry, also known as the arms trade, is a worldwide industry which manufactures and sells weapons and military innovation. It comprises of a business industry associated with the innovative work, designing, creation, and overhauling of military material, gear, and offices.
Arms-delivering organizations, additionally alluded to as arms sellers, or as the tactical business, produce arms for the military of states and for regular people. Divisions of government additionally work in the arms business, trading weapons, weapons and other military things.
The Stockholm International Peace Research Institute (SIPRI) estimated military expenditures as of 2018 at $1822 billion. This represented a relative decline from 1990, when military expenditures made up 4% of world GDP. Part of the money goes to the procurement of military hardware and services from the military industry. The combined arms-sales of the top 100 largest arms-producing companies and military services companies (excluding China) totaled $420 billion in 2018, according to SIPRI.
Which country is the largest arms exporter?
Who is the biggest arms dealer in the world?
What country exports the most military equipment?
What are the top 5 arms exporting countries?
Which country is famous for weapons?
Arms exports by country, around the world
U.S. arms exports 2021, by country
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