Caribbean small states - Military expenditure

Military expenditure (current USD)

The latest value for Military expenditure (current USD) in Caribbean small states was 492,327,000 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between 529,466,600 in 2019 and 70,219,120 in 1977.

Definition: 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).

Source: Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.

See also:

Year Value
1976 74,059,010
1977 70,219,120
1981 104,567,900
1993 77,754,360
1994 71,806,250
2001 82,145,540
2002 100,872,400
2003 113,480,000
2004 162,040,700
2005 186,300,200
2006 219,666,000
2007 246,993,500
2008 319,036,000
2009 301,655,200
2010 305,046,800
2011 327,552,300
2012 355,159,700
2013 392,549,700
2014 369,393,900
2015 392,109,200
2016 427,200,700
2017 427,927,000
2018 461,655,600
2019 529,466,600
2020 492,327,000

Military expenditure (% of GDP)

Definition: 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.)

Source: Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.

See also:

Year Value
1976 1.32
1977 1.07
1981 0.98

Classification

Topic: Public Sector Indicators

Sub-Topic: Defense & arms trade