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The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates. [2] Some sources say that Russian and Chinese military spending are actually far higher than the chart due to captive markets and Purchasing Price Parity in those countries.
In December 2020, Suga's government approved a record 5.34 trillion yen ($51.7 billion/€42.4 billion) defence budget for the fiscal year 2021. This includes investment in the development of stealth fighter jets, new long-range missile systems and new compact warships, with the goal to counter potential threats from China and North Korea.
Some of the data for the years 1997-2002 refers to the rate on, or close to, January 1 of that year. Some of the data for 2003 refers to rates on May 28 for countries beginning with A-E, and June 2 for countries listed F-Z. Exchange rates can vary considerably even within a year and so current rates may differ markedly from those shown here.
In 2015, out of its budget of $3.97 trillion, the US spent $637 billion on the military. In 2016, the US spent 3.29% of its GDP on its military (considering only basic Department of Defense budget spending), more than France's 2.26% and less than Saudi Arabia 's 9.85%. [133]
The July 2018 inflation rate in Zimbabwe was officially 4.3% (up from 2.9% in June). In June 2019, the official inflation rate was 97.9%. In 2022, it was reported that the inflation rate quickened to 96.4% in April, from 60.6% in January. Zimbabwe's government ordered banks to stop lending with immediate effect.
The PCE price index increased at a 2.7% annual rate in April; the median projected by policymakers for the end of the year is 2.6%, with a full return to the 2% target in 2026. The weak CPI number ...
By GDP per capita. The European Defence Agency member state average spend on defence as a percentage of GDP was 1.5% in 2022. [2] Rank (lowest first) Country. Percentage of GDP expenditure, 2023 [3] 29. Albania. 1.74%.
The insight the PLA gains from Western military talent threatens the safety of the targeted recruits, their fellow service members, and U.S. and allied security.