Chapter Two: Comparative defence statistics

  title={Chapter Two: Comparative defence statistics},
  journal={The Military Balance},
  pages={23 - 29}
  • Published 1 January 2021
  • Political Science, Economics
  • The Military Balance
a Includes Armed Forces Pension Scheme; b Total defence expenditure including National Guard, Federal Border Service and military pensions; c Excludes security expenditure; d Includes US Foreign Military Assistance. Note: US dollar totals are calculated using average market exchange rates for 2020, derived using IMF data. The relative position of countries will vary not only as a result of actual adjustments in defence spending levels, but also due to exchange-rate œuctuations between domestic… 
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