In 2011, the United States experienced its biggest year ever in weapons exports: According to an annual study by the Congressional Research Service [PDF] released earlier this week, the US overseas weapons sales jumped to $66.3 billion last year (77.7 percent of the $85.3 billion global market in 2011), from $21.4 billion in deals in 2010.
In just one year, the US more than tripled its revenue in arms deals with foreign countries. The $66.3 billion also sets a new cash total record, easily surpassing the previous record of $31 billion in sales in fiscal year 2009.
If you’re having trouble putting those hefty sums in perspective, $66.3 billion is amounts to an extra $9.50 in lunch money for every man, woman, and child alive today. And if you’re still having some trouble putting this in perspective, here’s a pie chart that shows just how much our global share in arms deals with developing countries ticked up in that one year:
MORE: CHARTS: US Overseas Arms Sales More Than Tripled in 2011 | Mother Jones.