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Global arms spending peaks at $204 billion in 1969 70
The United States Arms Control and Disarmament Agency reports a 1969 70 world military expenditure peak of about $204 billion, equaling a year's income of 1.8 billion people. The rise was the smallest in years, and the share of world GNP devoted to military programs fell from 7.3% in 1967 to 6.4% in 1970.
MENTIONED IN THIS ARTICLE
Washington
United States Arms Control and Disarmament Agency
Disarmament Agency
G.N.P