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Relationship between central government debt and military expenditure in the United States and in 2021

18 days ago
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This scatter chart displays central government debt (% of GDP) against military expenditure (% of GDP) and is filtered where the country is the United States and the date is 2021. The data is about countries per year.

Analysis

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Legend

There are 4 fields used on this chart, including filters:

  • Date (year): Year period during which the metrics are collected.
  • Country: Name of country.
  • Central Government Debt (% of GDP): Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • Military Expenditure (% of GDP): Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons.

Details

This chart is based on data from: World Bank.

This chart can be used under the CC BY 4.0 license.