Originally Posted by
Asturias56
from the Economist:-
Russian military forces dazzle after a decade of reform - NATO will need to step up
Russian military expenditure approximately doubled between 2005 and 2018, when measured in exchange rates adjusted for purchasing power. , Russia’s annual military spending probably stands somewhere between $150bn and $180bn, says Michael Kofman of the Centre for Naval Analyses, a think-tank. That is around three times as much as Britain and close to 4% of GDP.
The 2019 Russian GDP is about $ 1.7 Trn ( UK $ 2.8 Trn ) which means a defence spend ( as quoted ) of around 10% of GDP: if that is correct, then Russia is going to fall off an economic precipice very quickly. For the quoted % spend to be correct, the GDP would have to be around $ 4 Trn, which is more than Germany ( $ 3.8 Trn )
A bug somewhere, I think.
Prune wouldn't let me give links to the site used for dataused. It was tradingeconomics