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Weapons business booming despite decline in sales: SIPRI report

Manasi Gopalakrishnan

A new report by the Stockholm International Peace Research Institute (SIPRI) shows arms sales decreased last year. But that doesn't necessarily mean we are moving toward a more peaceful world.

Arms sales went on a downward slide last year, falling by 0.6 percent compared to 2014, according to the latest analysis on the global arms industry by the Stockholm International Peace Research Institute (SIPRI). The trade had been experiencing a downward trend since 2011, but the reduction in arms sales last year showed that the pace of decline had slowed.

Despite the decrease, arms sales for the world's top 100 companies in 2015 reached $370.7 billion (348 billion euros), the think tank said in its study, indicating that the sinking numbers were no sign that the world was getting more peaceful.


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