Human Wrongs Watch
The annual value of authorized international transfers of small arms, light weapons, their parts, accessories, and ammunition is at least USD 8.5 billion, according to the Small Arms Survey 2012: Moving Targets.
The new figure, the result of a four-year investigation completed this year, is more than double the previous estimate of around USD 4 billion, released in 2006, adds this independent research project located at the Graduate Institute of International and Development Studies in Geneva, Switzerland.
An expansion in the arms trade is partly responsible for the upward revision, its reports.
“Two important sources of growth are increased spending by US civilians on small arms and their ammunition, and large-scale government purchases of military firearms and light weapons for international and national armed forces involved in fighting in Iraq and Afghanistan. Better information and more nuanced research methodologies have also played a role in refining the estimate.”