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A summary table does give a series on dollar values of military expenditure (as well as its per capita level, proportion of government spending and GDP), but these are quite short, and various issues often having significant changes have to be compared. It is sometimes suggested that MB data uses intelligence sources in London, but this cannot be checked and anyway does not guarantee reliability. Finally, for 56 The analysis of the data defence expenditure, 'the latest available budget figures are quoted', which means national definitions are used, restricting comparability among countries.
As is clear the differences between the values can be very high for LDCs; this is much less so for a developed country like the UK. 0 13,884 12,722 (1) India (rupee) Kenya (pound) S. 0 (4) Col. 1 gives national currency value of milex from SIPRI. Col. 2 gives the value of milex in US $ millions converted at official exchange rates for 1975. Col. 3 gives of the value of milex in US $ millions converted at the PPP index for consumption goods. Cols 4, 5 and 6 are similar, but using PPP's capital formation, government expenditure and total output respectively.
These are similar to the ones analysed for milex. , are all present with equal force, when one is considering the trade in weapons. The problem is complicated by smuggling, 15 transfer of small 58 The analysis of the data arms, nongovernmental trade and so forth. SIPRI gives constant dollar figures (for each year) for the value of trade in major weapons with the Third World; exports are classified by country, and importers in LDCs by region. In addition, an important register of arms trade between industrialised and developing countries is provided which lists major weapons systems on order or delivery during a given year.