China Boosts Defense Spending

March 5th, 2013
in econ_news, syndication

Econintersect:  China has announced its budget for 2013 and defense will get 10.7% more than in 2012.  Corrected for inflation the real increase is 7.0%.  China's 2013 defense budget is $116 billion.  This compares to the U.S. spending more than four times that amount, $500 +/- billion, depending on how much of sequester is implemented, and near $600 +/- billion when overseas military operations are included.  China will spend nearly 5.3% of its budget on defense; the U.S. spent just over 16% of its fiscal 2013 budget on defense.


Follow up:

The graph displayed is quite misleading.  The red line shows real GDP growth while the defense spending growth is given in nominal terms.  The nominal growth in 2011 was 15.7% and 2012 11.2%.  The average annual real growth in those two years was 3.1%.  This the inflation adjusted growth for 2013 (7.0%) is more than double what has been over recent years.


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved