© Copyright Reserved - United Kingdom
Ideal Screen Composition 1024 x 768
Menu
Nigel G Wilcox
Powered bby S-AM3l1A
Aircraft And Military Development & Applications
Military Nation Spending Listing 2019
Countries Spending The Most on their Military Spending
Main Menu
Bookshelf
Topic Menu
Pages
10. Korea, Republic
- Military expenditure (2017): $39.2 billion
- Military expenditure as a % of general government expenditure (2017): 12.1% (#16 among countries)
- Military expenditure per capita (2017): $761 (#13 among countries)
Tensions between South Korea and its northern neighbor shaped much of the Republic's defense policy—and budget since the Korean Peninsula was divided at the end of the Korean War. A significant portion of the budget proposed in 2018 has been earmarked for efforts to increase cooperation between the two countries. President Moon Jae-in and North Korea's Kim Jong Un signed the Panmunjom Declaration after a summit in April last year and committed to halt in hostilities and denuclearization, though that goal remains elusive.
35. Greece
- Military expenditure (2017): $5.1 billion
- Military expenditure as a % of general government expenditure (2017): 5.0% (#70 among countries)
- Military expenditure per capita (2017): $473 (#22 among countries)
Even while it was struggling under a crippling financial crisis, Greece remained one of the NATO members paying the highest percentage of its GDP toward defense. This is partially explained by the long-simmering rivalry between Greece and neighboring Turkey: The two states have been in a military arms race since Turkey invaded the island of Cyprus 40 years ago. The relationship between the rivals has begun to thaw, but the deep distrust Greece has for Turkey and most of its neighbors seems likely to keep the military budget high, just in case.