The ratio of military expenditure to gross domestic product (GDP) in Paraguay decreased by 0.1 percentage points (-10.75 percent) compared to the previous year. Nevertheless, the last two years recorded a significantly higher ratio than the preceding years. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.
Expenditure on military as a share of GDP of Paraguay from 2000 to 2022
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World Bank. (October 24, 2024). Expenditure on military as a share of GDP of Paraguay from 2000 to 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1390999/expenditure-on-military-as-a-share-of-gdp-paraguay/
World Bank. "Expenditure on military as a share of GDP of Paraguay from 2000 to 2022." Chart. October 24, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1390999/expenditure-on-military-as-a-share-of-gdp-paraguay/
World Bank. (2024). Expenditure on military as a share of GDP of Paraguay from 2000 to 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1390999/expenditure-on-military-as-a-share-of-gdp-paraguay/
World Bank. "Expenditure on Military as a Share of Gdp of Paraguay from 2000 to 2022." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/1390999/expenditure-on-military-as-a-share-of-gdp-paraguay/
World Bank, Expenditure on military as a share of GDP of Paraguay from 2000 to 2022 Statista, https://www.statista.com/statistics/1390999/expenditure-on-military-as-a-share-of-gdp-paraguay/ (last visited November 21, 2024)
Expenditure on military as a share of GDP of Paraguay from 2000 to 2022 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1390999/expenditure-on-military-as-a-share-of-gdp-paraguay/
