According to the prestigious Stockholm International Peace Research Institute (Sipri), world military spending exceeds two trillion euros and the perspective is that it will continue to grow in 2024. The United States holds more than 40% of the world arms market, although China continues to rise every year. after year and already occupies second place in the ranking, with almost 20% of global arms sales. They are followed by Great Britain (6.8%) and France (4.9%). In the case of the largest exporting powers, the United States continues to occupy first place, with 42% of the market, with France and Russia on the podium, with 11%.
In this sense, the Spanish war industry achieves 12,000 million in turnover, 1.3% of GDP and the highest salaries in the sector.
In the case of Spain, we must highlight a powerful arms sector. Airbus, Indra, Santa Bárbara, Navantia, Sapa are just some of the most powerful companies, with export figures that place our country in eighth place in the world, with almost 3% of exports, despite the fact that in the last Five years (2019-2023) Spanish international sales have declined by 0.66% annually, for a cumulative 3.3% compared to the previous five years, according to data provided by Sipri.
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For example, South Korea is among the eight countries that sell the most weapons on the planet. Their diligence in manufacturing and delivering weapons, as well as their competitive prices and technological solvency, are keys that explain their emergence in the arms scenario.
According to the Stockholm International Peace Studies Institute (SIPRI), South Korea occupies the eighth position of arms exporting countries on the international stage in the period 2017-2021, with 2.8% of international sales focused on defense, behind the United States, Russia, France, China, Germany, Italy and the United Kingdom (by the way, Spain is the ninth largest arms exporter, according to these data, with 2.5% of the export of weapons arsenal , just behind the Asian country).
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