"Developing nations continue to be the primary focus of foreign arms sales activity by weapons suppliers. During the years 1988-1995, the value of arms transfer agreements with developing nations comprised, on average, 69.4% of all such agreements worldwide. More recently, arms transfer agreements have declined generally, but those with developing nations still constituted 63.4% of all such agreements globally from 1992-1995. The value of all arms transfer agreements with developing nations in 1995 was $15.4 billion. This was the lowest yearly total, in real terms, for any of the years during the 1988-1995 period. The value of new arms transfer agreements with developing nations has declined for five consecutive years since 1990 when arms agreements rose during the Persian Gulf war. By contrast, in 1995, the value of all arms deliveries to developing nations ($21.6 billion in constant 1995 dollars) was the first increase in deliveries values from the previous year during the 1988-1995 period. The United States has been the predominant arms supplier to developing nations during the period from 1992-1995. During these years, the United States accounted for 45.3% of the value of all arms transfer agreements with developing nations ($40.6 billion in constant 1995 dollars). France, the second leading supplier during this period, made $18.8 billion in arms transfer agreements (in constant 1995 dollars) or nearly 21% of all developing world agreements."
CRS Report for Congress, 96-677