Military Expenditure and Economic Growth in the Middle East

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Below are two time series plots of military expenditure in real terms; the first is in thousands of UK pounds for the period , the second is in thousands of US dollars for the period The extent to which war influences military spending is demonstrated in the visualisation below.

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Such a dramatic rise is consistent with the existential danger faced by the UK during the Second World War. The following visualisations provide a snapshot of military expenditure in the world today and into the future.

Military Expenditures and Economic Growth

Projections of Military expenditure in suggest that while the US will continue to be the largest spender, nevertheless China is expected to close the gap considerably. The following map displays military expenditure as a percentage of GDP. Military spending is particularly high in the Middle East, a region that has experienced dozens of conflicts since the Second World War.

Other key developments, as noted by the researchers:. Sign up for the Early Bird Brief, the defense industry's most comprehensive news and information, straight to your inbox.


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Military Expenditure and Economic Growth in the Middle East | L. Wahid | Palgrave Macmillan

Journal of Physics: Conference Series. Download Article PDF. Share this article. Article information. Author e-mails. Biswas B. Atesoglu H.