In 2023, China's total military spending was estimated at around 296.44 billion U.S. dollars. This was significantly higher than the country's official defense budget, which reached 1,475 billion yuan or 229 billion U.S. dollars in 2022. ...
In view of the Russian invasion, Ukraine's defense budget increased by 57 percent in 2023 from the previous year and occupied over a third of Ukraine's GDP.
1 In the Asia–Pacific (APAC) region, Japan increased its defense budget by 27 percent from 2022 to 2023 after a revision of its national security strategy, which now aims to spend 2 percent of its GDP on defense by 2027.2 South Korea plans to increase its defen...
1 In the Asia–Pacific (APAC) region, Japan increased its defense budget by 27 percent from 2022 to 2023 after a revision of its national security strategy, which now aims to spend 2 percent of its GDP on defense by 2027.2 South Korea plans to increa...
Military spending includes many different categories. The largest category is generally operation and maintenance, including military training and planning, maintenance of equipment, and a majority of the military healthcare system. In 2023, $318 billion was spent on military operation and maintenance. ...
This study examines the relationship between government spending, specifically military spending, government spending on health, government spending on education, and economic growth in Egypt over the period from 1980 to 2021. The paper utilizes a Grange
The map above shows the world divided into two regions with approximately equal military expenditures. The area in blue represents countries that are NATO members aka the “West,” who account for 51% of the world’s militarily spending. And the red countries make up the “Rest.” ...
(2022) and Ikegami and Wang (2023). The correlation analysis in Table 1 shows that the coefficient of correlation between military spending and spending on health and education is –0.45 and 0.91, respectively. This finding implies that increasing spending in the military sector negatively affects ...
Increased Military Spending in The Region to Drive the Market Demand Between 2023 and 2033, China is estimated to grow at a CAGR of 4.7%. Demand for deployable military shelters has increased due to the increasing number of military forces. People’s Liberation Army (PLA), is experiencing mass...
"Spending for military hardware must be done wisely, in terms of the amount or allocation," Jokowi, as the president is known, said during an armed forces parade. Defence Minister Prabowo Subianto, a likely presidential candidate seeking to replace the outgoing Jokowi next year, has ...