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Countries historical inflation per military expenditure

Description

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

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Analysis

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Legend
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.
Inflation: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. This metric is expressed in annual %.

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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