LATEST: Southeast Asian Countries' Military Expenditure
The SIPRI (Stockholm International Peace Research Institute) Military Expenditure Database contains consistent time series on the military spending of countries for the period 1949–2017.
The database is updated annually, which may include updates to data for any of the years included in the database.
Military expenditure in local currency at current prices is presented recently, according to both the financial year of each country and according to the calendar year, calculated on the assumption that, where financial years do not correspond to calendar years, spending is distributed evenly through the year.
Additionally, figures in constant (2016) and current US$, as a share of GDP and per capita are presented according to the calendar year. Figures as a share of government expenditure are presented according to the financial year.
Herewith Seasia gathered for you, the latest military expenditure by country (US$ million), according to SIPRI 2018 report:
|COUNTRY||MILITARY EXPENDITURE IN 2017 (US$ MILLION)||SHARES OF GOVERNMENT SPENDING IN 2017 (%)|
Note: There's no available data for Laos and Vietnam.
Other highlights contained within the report are as follows:
1. The largest relative increases in military spending between 2008 and 2017 were made by Cambodia (332 per cent), Bangladesh (123 per cent), Indonesia (122 per cent) and China (110 per cent). There were other significant increases (higher than 40 per cent, but less than 100 per cent) in Viet Nam, the Philippines, Kyrgyzstan, Myanmar, Pakistan, Nepal and India.
2. Only five countries in Asia and Oceania decreased spending over the decade: Timor-Leste, Afghanistan, Fiji, Malaysia and Brunei Darussalam
3. The core work of the military expenditure project is to collect, analyse, process and publish data on military expenditure worldwide, and to monitor and analyse trends in military expenditure over time, looking at their economic, political and security drivers and their implications for global peace, security and development.
4. A second key aspect of the work of the military expenditure project is to study issues relating to transparency and accountability in military budgeting, spending and procurement.
5. SIPRI military expenditure data is based on open sources only.
Source : Stockholm International Peace Research Institute (SIPRI) Official Website
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