26 April 2006(JTW) - The international arms exports in 2004 reached 19.1 billion $ in 2004. The arms market became 38 billion dollars size. Greece is the third biggest arms importer. Greece's military expenditure in 2004 rocket reaching 9 billion dollars, according to the World Bank estimations.
The world countries spent more than 1 trillion US $ on military expenditures in 2005 according to the World Bank figures.
The Western countries export the arms and mostly the Eastern countries buy the arms.
Biggest Exporters (Million $)
Biggest Importers (Million $)
S. Arabia 838
S. Korea 737
Despite of the d+®tente between Turkey and Greece, Grece continues to be militarized. In 2004 Greece spent about 2,3 billion dollars though Turkey's arms imports was only 418 million dollars. Greece was the third biggest market for the arms sales in 2004. Ihsan Bal from USAK says "The level of Greece's arms imports is not reasonable. Greece s a small country. Bulgaria, Albania and former Yugoslavia republic do don't threaten Greece. And the d+®tente in Turkey-Greece relations is clear. That's why Turkey has decreased arms import despite of the PKK terrorism, security threats from Iraq, Syria, Armenia and Iran. Turkey is surrounded by the most volatile regions in the world and decreases the arms exports while Greece continues to militarize the region".
Greece spends more than 4 percent of its GDP on the arms.
26 April 2006