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Response to alp227 (Original post)

Wed Aug 29, 2012, 12:50 PM

2. Charts: US Overseas Arms Sales More Than Tripled in 2011

óBy Asawin Suebsaeng| Wed Aug. 29, 2012 3:05 AM PDT


In 2011, the United States experienced its biggest year ever in weapons exports: According to an annual study by the Congressional Research Service [PDF] released earlier this week, the US overseas weapons sales jumped to $66.3 billion last year (77.7 percent of the $85.3 billion global market in 2011), from $21.4 billion in deals in 2010.

In just one year, the US more than tripled its revenue in arms deals with foreign countries. The $66.3 billion also sets a new cash total record, easily surpassing the previous record of $31 billion in sales in fiscal year 2009.

If you're having trouble putting those hefty sums in perspective, $66.3 billion is amounts to an extra $9.50 in lunch money for every man, woman, and child alive today. And if you're still having some trouble putting this in perspective, here's a pie chart that shows just how much our global share in arms deals with developing countries ticked up in that one year:

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alp227 Aug 2012 OP
RKP5637 Aug 2012 #1
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polly7 Aug 2012 #2
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