Monday, January 23, 2012

What does military expenditure tell you about a countries wealth?

Have an assessment on kenya and the UK differences what can military expenditure tell me about each countries wealth.What does military expenditure tell you about a countries wealth?Nothing.



Some countries, such as Saudi Arabia, spend 10% of the their GDP on their military, while others, such as Bermuda, spend only 0.11%

https://www.cia.gov/library/publications鈥?/a>



In the days of the Soviet Union, it spent more than 15% of its GDP on the military:

http://www.globalsecurity.org/military/w鈥?/a>



That means that if country spends $1 billion per year on arms, its GDP could be anything from $7 billion to $9,999 billion - quite a range.

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