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Countries historical central government debt per military expenditure

Description

This scatter chart displays central government debt (% of GDP) against military expenditure (% of GDP). The data is from our countries entity.

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Analysis

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Military Expenditure: Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This metric is expressed in % of GDP.
Central Government Debt: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. This metric is expressed in % of GDP.

Details

This chart is based on data from: World Bank

Updated: 16 days ago

This chart can be used under the CC BY 4.0 license

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