Georgia GE: Military Expenditure: % of GDP

1996 - 2016 | Yearly | % | World Bank

Georgia GE: Military Expenditure: % of GDP data was reported at 2.225 % in 2017. This records a decrease from the previous number of 2.445 % for 2016. Georgia GE: Military Expenditure: % of GDP data is updated yearly, averaging 2.413 % from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 9.159 % in 2007 and a record low of 0.616 % in 2000. Georgia GE: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Georgia – Table GE.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

View Georgia's Georgia GE: Military Expenditure: % of GDP from 1996 to 2016 in the chart:

Georgia Georgia GE: Military Expenditure: % of GDP

What was Georgia's Georgia GE: Military Expenditure: % of GDP in 2016?

Last Previous Min Max Unit Frequency Range
2.19 2016 2.38 2015 0.62 2000 9.16 2007 % yearly 1996 - 2016

Related Indicators for Georgia GE: Military Expenditure: % of GDP

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Georgia Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 28,693.990 2027 yearly 1994 - 2027
Forecast: Nominal GDP Per Capita (USD) 10,537.150 2027 yearly 1994 - 2027
Forecast: Real GDP Growth (%) 5.198 2028 yearly 1995 - 2028
GDP Deflator Growth (%) 9.4 Sep 2022 quarterly Mar 1998 - Sep 2022
GDP per Capita (USD) 5,023.229 2021 yearly 1993 - 2021
Gross Fixed Capital Formation (USD mn) 1,770.522 Dec 2023 quarterly Mar 1996 - Dec 2023
Gross National Product (GNP) (USD mn) 7,784.858 Dec 2023 quarterly Mar 1996 - Dec 2023
Gross Savings Rate (%) 14.9 Mar 2024 quarterly Mar 1996 - Mar 2024
Investment: % of GDP (%) 22.8 Dec 2023 quarterly Mar 1996 - Dec 2023
Nominal GDP (USD mn) 8,067.4 Jun 2024 quarterly Mar 2010 - Jun 2024
Nominal GDP Growth (%) 12.367 Jun 2024 quarterly Mar 1997 - Jun 2024
Private Consumption Expenditure (USD mn) 5,948.583 Jun 2024 quarterly Mar 1996 - Jun 2024
Private Consumption: % of GDP (%) 73.7 Jun 2024 quarterly Mar 1996 - Jun 2024
Public Consumption Expenditure (USD mn) 1,053.996 Dec 2023 quarterly Mar 1996 - Dec 2023
Public Consumption: % of GDP (%) 12.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Real GDP Growth (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 105.999 Jun 2024 quarterly Mar 1996 - Jun 2024
Production Last Frequency Range
Gold Production (kg) 4,908.000 2022 yearly 1992 - 2022
Industrial Production Index Growth (%) 5.8 Jun 2024 quarterly Mar 2002 - Jun 2024
Minerals Production (Metric Ton) 487,374.000 2022 yearly 2009 - 2022
Silver Production (Metric Ton) 12.674 2021 yearly 2010 - 2021
Construction and Properties Last Frequency Range
Building Permits (Unit) 10,822.000 2022 yearly 2001 - 2022
House Prices Growth (%) 7.8 Jun 2021 monthly May 2016 - Jun 2021
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.1 Jun 2024 quarterly Dec 2006 - Jun 2024
Forecast: Government Expenditure (GEL bn) 40.909 2029 yearly 1995 - 2029
Forecast: Government Net Debt (GEL bn) 49.230 2029 yearly 2000 - 2029
Forecast: Government Revenue (GEL bn) 38.047 2029 yearly 1994 - 2029
Tax Revenue (USD mn) 745.276 Sep 2024 monthly Jan 2006 - Sep 2024
National Government Debt (USD mn) 12,136.7 Sep 2024 quarterly Mar 2006 - Sep 2024
Government Debt: % of GDP (%) 38.3 Jun 2024 quarterly Mar 2006 - Jun 2024
Consolidated Fiscal Balance (USD mn) 51.076 Sep 2024 monthly Jan 2006 - Sep 2024
Tax Revenue: % of GDP (%) 26.1 Jun 2024 quarterly Mar 2006 - Jun 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 769,875.000 Jun 2024 quarterly Mar 2006 - Jun 2024
Forecast: Population (Person mn) 3.626 2028 yearly 1994 - 2028
Forecast: Unemployment Rate (%) 14.500 2029 yearly 1996 - 2029
Labour Force Participation Rate (%) 53.3 2023 yearly 1998 - 2023
Labour Productivity Growth (%) 3.38 2023 yearly 1997 - 2023
Monthly Earnings (USD) 728 Mar 2024 quarterly Mar 2007 - Mar 2024
Population (Person mn) 3.7 2023 yearly 1950 - 2023
Unemployment Rate (%) 16.40 2023 yearly 1991 - 2023

More Indicators for Georgia

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data