Relationship between military expenditure and inflation

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

Analysis

type Type: Scatter Chartdropdown

Legend

There are 2 fields used on this chart (including filters):
  • 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 field is expressed in annual %.
  • 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 field is expressed in % of GDP.

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Details

This chart is based on data from: SIPRI, World Bank, Reporters Without Borders

This chart can be used under the CC BY 4.0 license

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