Special Report
These Countries Are Increasing Their Weapons Exports the Fastest
Published:
Last Updated:
The United States, Russia, France, Germany, and China were the world’s largest exporters of military supplies in the years 2014-2018 — accounting for 75% of all arms exports, according to the latest report on major arms export volumes published by the Stockholm International Peace Research Institute (SIPRI) on March 11.
All but one of these five massive arms-producing nations are also among the countries with the fastest growing arms imports. Three other countries reviewed by SIPRI more than doubled their arms exports as a share of global exports.
The spikes are due to a combination of factors, but primarily high demand from nations in volatile regions such as the Middle East.
To identify the countries increasing their arms exports the most, 24/7 Wall St. reviewed the 15 countries with the largest increases in major arms exports between the five-year periods of 2009-13 and 2014-18 from the report on major arms export volumes published by the Stockholm International Peace Research Institute (SIPRI) on March 11. Each country’s main client, all major arms import and export data, as well as annual military expenditures in 2017, also came from SIPRI. Each country’s GDP per capita in 2016 came from the World Bank.
Click here to see the countries increasing their weapons exports the fastest.
15. China
> Change from 2009-13 to 2014-18: +2.7%
> Share of global arms exports (2014-18): 5.2%
> Share of global arms exports (2009-13): 5.5%
> Main client, share of supplier’s total exports: Pakistan, 37%
> GDP per capita: $15,309
[in-text-ad]
14. Australia
> Change from 2009-13 to 2014-18: +3.9%
> Share of global arms exports (2014-18): 0.3%
> Share of global arms exports (2009-13): 0.3%
> Main client, share of supplier’s total exports: USA, 53%
> GDP per capita: $44,649
13. United Kingdom
> Change from 2009-13 to 2014-18: +5.9%
> Share of global arms exports (2014-18): 4.2%
> Share of global arms exports (2009-13): 4.3%
> Main client, share of supplier’s total exports: Saudi Arabia, 44%
> GDP per capita: $39,753
12. Germany
> Change from 2009-13 to 2014-18: +13%
> Share of global arms exports (2014-18): 6.4%
> Share of global arms exports (2009-13): 6.1%
> Main client, share of supplier’s total exports: South Korea, 19%
> GDP per capita: $45,229
[in-text-ad-2]
11. Netherlands
> Change from 2009-13 to 2014-18: +16%
> Share of global arms exports (2014-18): 2.1%
> Share of global arms exports (2009-13): 1.9%
> Main client, share of supplier’s total exports: Jordan, 15%
> GDP per capita: $48,473
10. Switzerland
> Change from 2009-13 to 2014-18: +20%
> Share of global arms exports (2014-18): 1.0%
> Share of global arms exports (2009-13): 0.9%
> Main client, share of supplier’s total exports: Saudi Arabia, 19%
> GDP per capita: $57,410
[in-text-ad]
9. Spain
> Change from 2009-13 to 2014-18: +20%
> Share of global arms exports (2014-18): 3.2%
> Share of global arms exports (2009-13): 2.9%
> Main client, share of supplier’s total exports: Australia, 42%
> GDP per capita: $34,272
8. Brazil
> Change from 2009-13 to 2014-18: +21%
> Share of global arms exports (2014-18): 0.2%
> Share of global arms exports (2009-13): 0.2%
> Main client, share of supplier’s total exports: Afghanistan, 32%
> GDP per capita: $14,103
7. United States
> Change from 2009-13 to 2014-18: +29%
> Share of global arms exports (2014-18): 36.0%
> Share of global arms exports (2009-13): 30.0%
> Main client, share of supplier’s total exports: Saudi Arabia, 22%
> GDP per capita: $54,225
[in-text-ad-2]
6. France
> Change from 2009-13 to 2014-18: +43%
> Share of global arms exports (2014-18): 6.8%
> Share of global arms exports (2009-13): 5.1%
> Main client, share of supplier’s total exports: Egypt, 28%
> GDP per capita: $38,606
5. Israel
> Change from 2009-13 to 2014-18: +60%
> Share of global arms exports (2014-18): 3.1%
> Share of global arms exports (2009-13): 2.1%
> Main client, share of supplier’s total exports: India, 46%
> GDP per capita: $33,132
[in-text-ad]
4. South Korea
> Change from 2009-13 to 2014-18: +94%
> Share of global arms exports (2014-18): 1.8%
> Share of global arms exports (2009-13): 1.0%
> Main client, share of supplier’s total exports: Indonesia, 17%
> GDP per capita: $35,938
3. United Arab Emirates
> Change from 2009-13 to 2014-18: +103%
> Share of global arms exports (2014-18): 0.3%
> Share of global arms exports (2009-13): 0.2%
> Main client, share of supplier’s total exports: Egypt, 41%
> GDP per capita: $67,293
2. Turkey
> Change from 2009-13 to 2014-18: +170%
> Share of global arms exports (2014-18): 1.0%
> Share of global arms exports (2009-13): 0.4%
> Main client, share of supplier’s total exports: UAE, 30%
> GDP per capita: $25,135
[in-text-ad-2]
1. Czech Republic
> Change from 2009-13 to 2014-18: +472%
> Share of global arms exports (2014-18): 0.3%
> Share of global arms exports (2009-13): 0.1%
> Main client, share of supplier’s total exports: Iraq, 40%
> GDP per capita: $32,606
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.