Dataset of GDP and military expenditure of countries per year in the United States and in 2023 (Historical)
This dataset is about countries per year in the United States. It has 1 row and is filtered where the date is 2023. It features 4 columns: country, GDP, and military expenditure.
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Get more details about all the fields in this dataset:
Country: Name of country.
Date (year): Year period during which the metrics are collected.
Gdp (current US$): GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
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.
This dataset is based on data from: World Bank.
This dataset can be used under the CC BY 4.0 license.
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