Military Spending by Country 💣📊

📊This is a #Shorts version; the full-length video can be found here:
https://youtu.be/WIP0BtABzJs

This bar chart race ranks a country's military expenditures (as a % of GDP) from 1960 thru the most recent data available in 2021, broken down by the following regions: Asia, NA (North America), SA (South America), MENA, Oceania, and Europe.

Military expenditure is the expenditure by a country's government on their military forces, i.e. maintenance and operations, military research and development, military aid, procurement, salaries, pensions, etc. World military spending refers to the aggregate global military spending by different countries

The military expenditure of various countries is presented annually by the Stockholm International Peace Research Institute. The data presented by the institute is based on open source data provided by national governments, which include the national budget documents, defense white papers and public finance statistics published by ministries of finance and defense, central banks and national statistical offices. This research has been at the core of the institute’s work since its foundation in 1966, and is used globally by researchers, policymakers, journalists and the general public. It aids in building a clearer picture of trends and development in regional and world military spending.

📊 Data:
SIPRI | https://www.sipri.org/databases/milex

#MilitaryExpenditures #Shorts #AnimatedStats #BarChartRace #DataVisualization #DataRanking #DataComparison

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