Saturday, April 18, 2015

Tuesday, April 14, 2015

Charts of the Week

Taxation














Globalisation 




Source: World Bank



Inequality



The Growth of Cafe and Restaurant Businesses compared to other businesses



Australian Trade and Foreign Direct Investment 







Australian Investment Compared



Changing Projections of the Australian Foreign Aid Budget 





Music Purchases


Tuesday, March 31, 2015

Military Spending: Australia Compared

Military spending has been in decline in many countries throughout the world and Australia is no exception as the charts below show. 



Source: World Bank

There are several ways to consider and compare global military spending. One way is to consider the level of spending as a percentage of a country's GDP. Comparing military spending as a percentage of GDP allows us to consider how much of economic growth is taken up with military expenditures.

While the United States has the world's largest military by far it ranks only 13th on the level of spending as a percentage of GDP. (see tables at the bottom for rankings)

Australia's military spending as a percentage of GDP is below the world average and is now below the average for East Asia and the Pacific. We still spend proportionally more than Indonesia, although if the Indonesian economy becomes considerably larger than the Australian economy over coming years, as many commentators believe is likely, then its total spend will also be considerably larger than Australia's. 




Australia also spends less than comparably wealthy countries represented by the OECD.









RankCountry           2013
1Oman11.48
2Saudi Arabia8.99
3Afghanistan6.24
4Israel5.63
5Angola5.01
6Algeria4.95
7Azerbaijan4.68
8Lebanon4.36
9Russian Federation4.19
10Armenia4.10
11Yemen, Rep.3.93
12Morocco3.90
13United States3.81
14Bahrain3.77
15Jordan3.56
16Mauritania3.56
17Iraq3.54
18Colombia3.44
19Pakistan3.39
20Singapore3.27
21Kyrgyz Republic3.24
22Namibia3.15
23Ecuador3.11
24Swaziland2.96
25Ukraine2.93
26Zimbabwe2.78
27Georgia2.74
28Sri Lanka2.71
29Korea, Rep.2.60
30Brunei Darussalam2.56
31Greece2.46
32India2.45
33Turkey2.33
34United Kingdom2.30
35France2.24
36Burundi2.24
37Vietnam2.18
38Portugal2.17
39Serbia2.17
40Uganda2.16
41Lesotho2.15
42China2.05
43Botswana2.02
44Tunisia2.01
45Chile1.96
46Estonia1.96
47Kenya1.95
48Uruguay1.87
49Timor-Leste1.81
50Poland1.79
51Zambia1.69
52Egypt, Arab Rep.1.67
53Croatia1.66
54Australia1.63
55Cambodia1.60
56Paraguay1.60
57Bulgaria1.58
58Italy1.58
59Montenegro1.57
60Malaysia1.55
61Thailand1.52
62Bolivia1.45
63Nepal1.43
64Peru1.42
65Norway1.41
66Burkina Faso1.41
67Mali1.41
68Brazil1.40
69Congo, Dem. Rep.1.40
70Denmark1.38
71Bangladesh1.37
72Malawi1.36
73Belarus1.35
74Fiji1.34
75Germany1.34
76Cameroon1.34
77Romania1.33
78Gabon1.32
79Albania1.30
80Netherlands1.29
81Philippines1.28
82Finland1.27
83Kazakhstan1.25
84Honduras1.24
85Macedonia, FYR1.24
86Venezuela, RB1.21
87South Africa1.17
88Sweden1.17
89Tanzania1.15
90Bosnia and Herzegovina1.13
91Rwanda1.11
92El Salvador1.10
93Czech Republic1.08
94Guyana1.07
95Belize1.04
96Belgium1.04
97Benin1.04
98Seychelles1.03
99Canada1.01
100New Zealand1.00
101Japan0.99
102Spain0.94
103Indonesia0.90
104Jamaica0.85
105Ethiopia0.82
106Switzerland0.78
107Austria0.78
108Nicaragua0.76
109Liberia0.75
110Argentina0.74
111Mexico0.62
112Dominican Republic0.61
113Papua New Guinea0.57
114Ireland0.55
115Ghana0.53
116Madagascar0.51
117Luxembourg0.51
118Cabo Verde0.50
119Guatemala0.48
120Nigeria0.47


US military spending has declined over recent years, whilst China's has increased. Since 2004 Chinese military spending has increased by 170 per cent, whilst its GDP Has increased by 140 per cent. Still China only spends 2.05 per cent of its GDP while the US spends 3.81 per cent. Japan, due to its pacifist constitution still spends just under 1 per cent.

The table below constructed from SIPRI databases shows basic measure alluded to above of total military spending converted to US Dollars. It shows the top 60 military spenders in the world (New Zealand comes in at 60). 

Figures are in US$m. at 2013 prices and exchange rates.


RankCountry 2013 
1USA                           640221
2China, P. R.                  188460
3Russia87836
4Saudi Arabia                  66996
5France                        61228
6UK                            57891
7Germany                       48790
8Japan                         48604
9India                         47398
10Korea, South                  33937
11Italy                         32657
12Brazil                        31456
13Australia                     23963
14Turkey                        19085
15Canada                        18460
16Israel                        16032
17Colombia                      13003
18Spain                         12765
19Taiwan                        10530
20Algeria                       10402
21Netherlands                   10328
22Singapore                     9759
23Poland                        9257
24Oman                          9246
25Iraq                          7896
26Indonesia                     7840
27Mexico                        7838
28Pakistan                      7641
29Norway                        7235
30Sweden                        6519
31Angola                        6095
32Greece                        5939
33Thailand                      5891
34Kuwait                        5815
35Chile                         5435
36Ukraine                       5338
37Venezuela                     5313
38Belgium                       5264
39Switzerland                   5053
40Malaysia                      4842
41Portugal                      4784
42Denmark                       4553
43Argentina                     4511
44Egypt                         4255
45South Africa                  4108
46Morocco                       4064
47Philippines                   3472
48Azerbaijan                    3440
49Viet Nam                      3387
50Finland                       3262
51Austria                       3230
52Peru                          2865
53Ecuador                       2803
54Kazakhstan                    2799
55Romania                       2521
56Nigeria                       2411
57Myanmar                       2211
58Czech Rep.                    2149
59Lebanon                       1936
60New Zealand                   1833