The ratio of military expenditure to gross domestic product (GDP) in Luxembourg increased by 0.2 percentage points (+42.55 percent) in 2022 in comparison to the previous year. With 0.7 percent, the ratio thereby reached its highest value in the observed period. Military expenditure figures refer to the amount of money spent on a country's armed forces, including peacekeeping and defense operations, among others. When comparing international figures, there may be some inconsistencies depending on what respective countries consider as military spending.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like France and Netherlands.
Luxembourg: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
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World Bank. (October 24, 2024). Luxembourg: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/810483/ratio-of-military-expenditure-to-gross-domestic-product-gdp-luxembourg/
World Bank. "Luxembourg: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. October 24, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/810483/ratio-of-military-expenditure-to-gross-domestic-product-gdp-luxembourg/
World Bank. (2024). Luxembourg: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/810483/ratio-of-military-expenditure-to-gross-domestic-product-gdp-luxembourg/
World Bank. "Luxembourg: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/810483/ratio-of-military-expenditure-to-gross-domestic-product-gdp-luxembourg/
World Bank, Luxembourg: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810483/ratio-of-military-expenditure-to-gross-domestic-product-gdp-luxembourg/ (last visited November 24, 2024)
Luxembourg: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/810483/ratio-of-military-expenditure-to-gross-domestic-product-gdp-luxembourg/
